Skip to main content


  • AddRemove
  • Build a Report 
News Releases

Mayer Brown advised Indigo Capital in selling the Majority of Shares in W.E.T Automotive Systems AG

21 March 2011

As the majority shareholders in the listed W.E.T. Automotive Systems AG, the mezzanine financing company Indigo Capital IV LP and ICWET LP (Indigo Capital) have agreed to sell their shares to Amerigon Europe. Amerigon Europe GmbH (with registered office in Augsburg, Germany) is a subsidiary company of the American automotive component supplier Amerigon, Inc. from Northville, Michigan. Amerigon has simultaneously entered a business combination agreement with W.E.T AG and has announced that it intends to submit a voluntary public takeover bid for the W.E.T AG shares. The execution of both the share purchase agreement and the public takeover bid are, inter alia subject to the approval by the merger control authorities. Mayer Brown LLP advised Indigo in this transaction.

W.E.T Automotive AG, with registered office in Odelzhausen, Germany, produces car seat heaters, as well as systems for car seat cooling, steering wheel heating, and temperature controlling devices. Indigo Capital had acquired approximately 60% of W.E.T AG shares in April 2010, and, in addition, ICWET LP had provided a subordinated shareholders’ loan. At the time, the German Federal Financial Supervisory Authority (BaFin) had released Indigo Capital from the obligation to submit a mandatory takeover bid pursuant to the German Securities Acquisition and Takeover Act. The transaction was concluded in the context of broad refinancing measures by the W.E.T Group, which were finalized at the same time. Mayer Brown had advised Indigo Capital in all aspects of this transaction.

The Mayer Brown team included Frankfurt Partners Markus Strelow (Banking & Financing), Dr. Ulrike Binder (Corporate, Capital Markets) and Frankfurt Associate Dr. Axel Lebherz (Corporate, Capital Markets).

For further information, contact:

Friederike Hartmann
Director Marketing & Business Development
T: +49 69 7941 1045
M: +49 160 9019 2756

Markus Strelow
T: +49 69 7941 2211

Related Information

  • Related People
    Dr. Ulrike Binder
    T +49 69 7941 1297
    Markus Strelow
    T +49 69 7941 2111

The Build a Report feature requires the use of cookies to function properly.  Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently.  If you do not accept cookies, this function will not work.  For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.