Freshfields advises Stumpf Group on minority investment by BDT Capital Partners in Exyte Group
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Stumpf Group and M+W Group, the direct and indirect shareholders of Exyte, on the sale of a significant minority interest to funds affiliated with BDT Capital Partners and the shareholders’ agreement for the future partnership. Closing of the transaction is subject to customary regulatory approvals. As sole shareholder of M+W Group, Georg Stumpf will continue to hold a majority stake in Exyte.
Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With targeted sales of €7 billion for 2022, Exyte forecasts an adjusted EBITDA of approximately €450 million and an adjusted EBIT above €400 million for the current fiscal year.
The Freshfields team advising on the transaction was led by Partners Gregor von Bonin and Nicholas Günther with support from Principal Associate Timo U. Piller and Associate Carolin Compes (all Düsseldorf). Additional support was provided by Partners Jenny Hochenberg (all Corporate/M&A) and Pamela Marcogliese (Capital Markets, both New York), Nabeel Yousef (Washington), Norbert Schneider (Tax, Düsseldorf) and Stephan Pachinger (Capital Markets, Frankfurt/Vienna). The team worked together with Hogan Lovells with Frankfurt based Partner Matthias Jaletzke in lead for the firm.