Am Law Trio Tapped for PE Firm's Buy of Mauser Group
Private equity fund Clayton, Dubilier & Rice announced Monday that it had agreed to purchase German industrial packing company Mauser Group from Dubai International Capital for 1.2 billion euros ($1.7 billion). Lawyers from Debevoise & Plimpton are advising CD&R on financing issues related to the deal while Clifford Chance handles the M&A work. A team from Latham & Watkins is representing Dubai International, an investment arm of one of the emirate's sovereign wealth funds.
Mauser, which is headquartered near Cologne, makes steel drums and reusable bulk containers for everything from chemicals to food and beverages. The company, which has about 4,400 employees spread across 83 facilities in 18 countries in Europe, North America, Latin America and Asia, also reconditions used containers. CD&R operating partner Vindi Banga is set to become the chairman of Mauser's supervisory board when the transaction closes, most likely in the third quarter of 2014.
The Clifford Chance team advising CD&R is being led by Frankfurt private equity partner Oliver Felsenstein and includes counsel Leif Schrader, tax partner Felix Mühlhäuser and counsel Marie-Theres Rämer, corporate partner Bernd Meyer-Witting, employment partner Nicole Engesser Means and environmental partner David Elshorst. Clifford Chance lawyers in Düsseldorf include IP partner Claudia Milbradt and counsel Wolfgang Schönig and antitrust partner Marc Besen. Also advising are senior associates Amrei Fuder, Achim Gronemeyer, Priscilla Ries and Jan Wittrodt, as well as associates Laurent Müller and Radmila Petrovic.
Clifford Chance had previously done legal work for a portfolio company of CD&R, counseling SBR Europe S.à r.l. in its purchase of a majority stake in retailer J.A. Woll Group announced in April.
The Debevoise team representing CD&R on the financing issues is being led by partner Jeffrey Ross and includes partners David Brittenham, Alan Davies and Matthew Saronson and international counsel Cécile Beurrier and Philipp von Holst. Debevoise, longtime counsel to CD&R, is also handling the fund's $1.8 billion deal to buy the water technologies unit of chemicals manufacturer Ashland that was announced in February.
The Latham team representing Dubai International is being led by Frankfurt partner Dirk Oberbracht and New York partners David Allinson and Thomas Malone. Frankfurt corporate associates Daniel Schlösser, Stefanie Zirkel, Jan Schubert, Annekatrin Pelster, Boris Gorodinsky, Andreas Feith, Martin Laborenz and Stephan Kress are assisting, along with New York corporate associate Mark Teeter. The team also includes Frankfurt partner Georg Weidenbach and associate Sebastian Max Hauser and Brussels associate Tobias Kruis handling antitrust issues; tax counsel Anders Kraft in Frankfurt; public law counsel Joachim Grittmann with associate Kristina Marx in Frankfurt; and labor associate Andreas Zollner in Munich.
Lawyers from Latham, including Oberbracht, previously represented the private investment arm of JPMorgan Chase & Co. when it sold Mauser to Dubai International for $1.1 billion in 2007.
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