Mayer Brown advised Steadfast Capital Fund III L.P. and Stanzwerk Jessen Management on the sale of all shares in the Stanzwerk Jessen Group. The buyer is the listed Feintool International Holding AG [SWX: FTON], headquartered in Lyss, Switzerland.

The transaction is still subject to the approval of the antitrust authorities. The parties have agreed not to disclose the purchase price.

In July 2016, the private equity fund Steadfast Capital Fund III L.P. acquired the Stanzwerk Jessen Group from the Private Equity investor Orlando Management AG as part of a management buy-out. Founded in 1897, Stanzwerk Jessen Group is a leading manufacturer of high-precision electrical sheet components and employs almost 200 people at two locations.

The sale of Stanzwerk Jessen Group is another successfully completed transaction for Steadfast Capital. The team around the M&A and Private Equity expert Dr. Julian Lemor, who has also taken over the management of Mayer Brown's corporate practice group in Germany in the meanwhile, has been advising the Steadfast Capital Funds for more than twelve years, most recently on the sale of the AVS Group and the takeover of the Reutter/ITIB Group.

Steadfast Capital was founded in 2001 and is an independent Private Equity investor focusing on medium-size businesses within German speaking Europe and Benelux countries.

The Mayer Brown team included the Partners Dr. Julian Lemor, Birgit Hübscher-Alt (both Corporate), Volker Junge (Tax, all Frankfurt) and Dr. Jens Peter Schmidt (Antitrust, Brussels), Counsel Vanessa Klesy (Corporate) and Susan Günther (Tax, both Frankfurt) as well as the associates Dr. Michael Gläsner, Anna-Lena Haggeney, Florian Middelkamp (all Corporate) and Katharina Kashishian (Banking & Finance, all Frankfurt).