4 February 2015
Leading global law firm Mayer Brown advised SME-investor Halder on the financing of its acquisition of PRAE-TURBO through a management buy-out. PRAE-TURBO, located in Schwanewede/Germany, focuses on machining compressor wheels for automotive turbochargers. Customers include leading turbo system providers from Europe and the NAFTA-region. In 2014, the company had a revenue of EUR 53.9 million.
Halder has been active in Germany since 1991 and has provided 38 SMEs with capital for ownership succession and growth.
Mayer Brown advised Halder also in previous transactions, most recently in connection with the sale of shareholding in GEALAN (news release), its acquisition of Wback through a Management Buy-Out (news release) and the acquisition of GEALAN Group (news release).
The Mayer Brown team working on the transaction included partner Markus Strelow (Lead), counsel Alexa Metzger as well as senior associate Marc Bäumer (all Banking & Finance, Frankfurt).