Led by Munich-based partner Sven Schweneke, Taylor Wessing provided comprehensive legal advice to the private equity fund Lenbach Equity Opportunities III. GmbH & Co. KG (“LEO III Fund”), managed by the DUBAG Group, on its acquisition of Holcim Technical Solutions and Products GmbH (“HTSP”) from Holcim.
HTSP is a specialist manufacturer of advanced elastomer solutions and high-performance rubber materials, serving clients in the aerospace, mechanical engineering, mobility, medical technology and road marking sectors.
The acquisition follows the Holcim Group’s strategic decision to focus on its core business areas. As part of this reorganisation, Holcim conducted a competitive bidding process to find a suitable new owner for HTSP. The LEO III Fund emerged as the preferred bidder.
About the DUBAG Group and the LEO III Fund
The DUBAG Group was founded in 2009, is headquartered in Munich and is a rapidly growing investment firm that manages the LEO III private equity fund. The fund invests in medium-sized companies facing special circumstances, such as corporate spin-offs, turnarounds, succession planning in family-owned businesses, complex financing structures and tail-end situations for financial investors. The LEO III Fund pursues a pan-European investment strategy with a particular focus on the DACH region and Italy.
About Holcim
The Holcim Group is a leading global provider of innovative and sustainable building materials and solutions, headquartered in Switzerland. Holcim operates in over 60 countries with approximately 45,000 employees and serves key markets in the construction and infrastructure sectors with its cement, aggregates and concrete products. With a clear focus on decarbonisation, the circular economy and sustainable construction, Holcim is driving forward the transformation of the building materials industry.
Legal advisers to LEO III Fund
Taylor Wessing: Sven Schweneke (lead) and Florian Leitsbach (both Private Equity, Munich); Dr Adrian Birnbach (Real Estate, Munich); Dr Rebekka Krause, Henrik Grawe and Johannes Tapken (all M&A, Munich); Dr Michael Kieffer and Anna Englert (both Commercial & Distribution, Munich); Phillip Heske (Technology, Media & Telecommunications, Munich); Rudi Hasenberg (Tax, Frankfurt); Marc André Gimmy, Annika Rahn and Larissa Lengl (all Employment, Pensions & Mobility, Munich); Dr Stefan Horn, LL.B., and Nora Mommsen Stöblen (all Antitrust, Hamburg); Marieka Müller-Steinmann (Antitrust, Düsseldorf); Malke Kristina Zimmermann (Foreign Direct Investment, Düsseldorf).
