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19.12.2023 | Deal Notifications

KPMG Law and KPMG advise LEONI on the sale of its Wire Products & Solutions business group

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) provided LEONI AG with legal advice and KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG AG) with tax advice on the sale of its Wire Products & Solutions business group to Deutsche Invest Mittelstand GmbH. The German teams worked together with experts from the KPMG network in the United Kingdom and China.

LEONI is a global supplier of products, solutions and services for energy and data management in the automotive industry, whose value chain ranges from standardized cables to special and data cables to highly complex wiring systems. Based in Nuremberg, the company employs around 95,000 people in 27 countries.

The Wire Products & Solutions Business Group manufactures wire products and solutions based on copper and alloys. The business is operated by the companies LEONI Draht GmbH, Haarländer GmbH, LEONI Temco Ltd. and LEONI Wire (Changzhou) Co, Ltd.

Deutsche Invest Mittelstand GmbH is a German investment company specializing in the financing of medium-sized companies. It offers various financing solutions, including mezzanine capital, equity and debt capital.

KPMG Law provided LEONI with comprehensive legal advice on the implementation of the bidding process, the drafting and negotiation of the agreements underlying the transaction and the merger control clearance requirements. KPMG Law worked closely with the experts at KPMG AG, who provided LEONI with tax advice. The German teams cooperated with experts from the respective KPMG networks in the United Kingdom and China.

Consultants LEONI AG:

Legal advice:

Inhouse legal counsel: Dr. Raffael Cammareri (Head of Legal Group Corporate Affairs)

KPMG Law Rechtsanwaltsgesellschaft mbH, Germany: Dr. Christian Hensel (Partner, lead partner), Dr. Nils Brügmann (Senior Manager), Cilem Aksu-Aflatoon (Senior Manager), Daniel Dörstling (Senior Associate), Maximilian Weiß (Senior Associate, all M&A); Dr. Gerrit Rixen (Partner), Dr. Hannes Schwinn 
(Senior Manager, both antitrust law); Michael Neher (Senior Manager, Real Estate)

United Kingdom: Thomas Swain (Director), Dean Chauhan (Senior Manager)

Hong Kong: Tom Wong (Senior Manager), Shirley Fu (Principal)

Tax advice

Inhouse tax counsel: Carola Seifried (Taxes & Customs Governance & Export Control)

KPMG AG Wirtschaftsprüfungsgesellschaft: Claus Jochimsen-von Gfug (Partner, International Tax)

KPMG, United Kingdom: Marc Abrams (Partner)

KPMG, China: William Zhang (Partner), Jack Guo (Manager)

 

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Contact

Dr. Gerrit Rixen

Partner
Head of Antitrust and Investment Control

Luise-Straus-Ernst-Straße 2
50679 Köln

Tel.: +49 221 2716891052
grixen@kpmg-law.com

Dr. Christian Hensel

Partner
Site Manager Nuremberg

Bahnhofstraße 30
90402 Nürnberg

Tel.: +49 911 800929944
chensel1@kpmg-law.com

Maximilian Weiß

Manager

Bahnhofstraße 30
90402 Nürnberg

Tel.: +49 911 8009299-60
maximilianweiss@kpmg-law.com

Michael Neher

Senior Manager

Friedenstraße 10
81671 München

Tel.: +49 (0)89 5997606-5279
mneher@kpmg-law.com

Cilem Aksu-Aflatoon

Senior Manager

Bahnhofstraße 30
90402 Nürnberg

Tel.: +49911800929965
caksuaflatoon@kpmg-law.com

Dr. Hannes Schwinn

Senior Manager
Lawyer
Licencié en droit (Lyon III)

Theodor-Heuss-Straße 5
70174 Stuttgart

Tel.: +49 711 781923448
hschwinn@kpmg-law.com

Daniel Dörstling

Senior Associate

Bahnhofstraße 30
90402 Nürnberg

Tel.: +49 911 8009299-62
ddoerstling@kpmg-law.com

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 KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.

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