26 January 2016
Mayer Brown advised Avedon Capital Partners on the sale of GRW Bearing GmbH to US aerospace and industrial distribution company Kaman Corporation. The purchase price was approximately EUR 135.2 million, net of cash.
GRW Bearing GmbH is active in the field of development and manufacturing of high precision miniature and instrument bearings. With headquarters in Rimpar (Germany), assembly facilities in Prachatice (Czech Republic) and direct sales offices in the USA GRW has more than 500 employees.
Avedon Capital Partners with offices in Düsseldorf and Amsterdam is a private equity funds manager focusing on mid-sized companies in Germany and the Benelux countries with strong growth potential. Mayer Brown already advised Avedon on various transactions, recently on the acquisition of Transcom CMS Forderungsmanagement GmbH (see news release
The Mayer Brown Team included partner Dr. Joachim J. Modlich (Lead, Real Estate), Carsten Flaßhoff (Corporate & Securities, both Düsseldorf), Dr. Ulrich Worm (Intellectual Property, Frankfurt), counsel Dr. Jan Streer (Corporate & Securities) as well as associates Sabine Krause (Real Estate, both Düsseldorf) and Jörg Salzmann (Employment & Benefits, Frankfurt).