Mayer Brown advised the shareholders of the privately held VESCON GmbH on the sale of the majority of their shares in the VESCON Group. The buyers were funds advised by the investment company Quadriga Capital. Parallel to this transaction, Quadriga acquired the shares in the Schiller Group in order to form a leading automation platform.

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

The VESCON Group, headquartered in Frankenthal, is an privately held international engineering service provider and plant constructor offering its blue chip customers automation solutions as well as planning and implementation services for various industries such as automotive, pharmaceuticals, chemicals and energy. With branches in Germany, Austria, Slovakia, Hungary and Poland, the VESCON Group currently employs around 500 people and generated total sales of around €90 million in the past financial year.

The challenges in providing advice were in particular the prior acquisition of minority interests in individual group companies located in different jurisdictions, the integration of individual minority shareholders in the overall sale as well as the complex reinvestment of the sellers in the new group consisting of VESCON and Schiller.

In addition to tax structuring and legal advice, Mayer Brown has also coordinated the international aspects arising in the different jurisdictions involved.

The Mayer Brown team included partners Dr. Julian Lemor (Lead) and Birgit Hübscher-Alt (both Corporate), Dr. Martin Heuber (Banking & Finance) and Volker Junge (Tax), Counsel Dr. Alexander Täumer (Corporate) as well as associates Dr. Stefan Glasmacher, Anna-Lena Haggeney, Tina Hoffmann and Florian Middelkamp (all Corporate).
For Julian Lemor and his team, the VESCON transaction is another important step towards the establishment of the German private equity practice.