Taylor Wessing, under the joint leadership of Berlin-based partner Dr Thorsten Seidel and Munich-based partner Sven Schweneke, has provided legal and tax advice to Berlin- and London-based investor Hypax on its acquisition of Powerbox International AB, a Swedish manufacturer of bespoke power supply solutions, from the listed Japanese company Cosel Co., Ltd. (TYO:6905).
The transaction encompasses the entire Powerbox Group, including its international subsidiaries, and strengthens Hypax’s position in the industrial technology sector.
Dr Thorsten Seidel, Partner at Taylor Wessing in Berlin, comments: “We are delighted to have advised Hypax on this strategically significant acquisition. The acquisition of the Powerbox Group from a listed Japanese industrial group is a challenging transaction both in terms of company law and its international scope."
Sven Schweneke, Partner at Taylor Wessing in Munich, adds: “The combination of Hypax’s investment expertise in complex carve-outs and Powerbox’s technological strength opens up excellent growth prospects. We are proud to have supported this complex cross-border deal with a dedicated team across multiple jurisdictions."
About Hypax GmbH
Hypax is an investment firm based in Berlin and London that specialises in acquiring corporate carve-outs and mid-market companies whose value can be enhanced through growth and operational improvements. The investment firms advised by Hypax have an investment volume of EUR 120 million. With a strong operational focus, Hypax supports companies and their management teams in navigating periods of transition and guides strategic transformations.
About Powerbox International AB
Powerbox is one of Europe’s leading providers of bespoke power supply solutions for demanding applications in the defence, medical technology, transport and industrial sectors. Its headquarters are in Stockholm; a second production site operates under the Eplax brand in Bremen. In addition, there are ten international sales and engineering branches across Europe, America and Asia. Powerbox combines in-depth application expertise, an experienced R&D organisation across three development sites and an asset-light manufacturing model. This results in highly reliable AC/DC and DC/DC converters, modular power supply systems and battery backup solutions. The company looks back on 50 years of Swedish and German engineering tradition and holds a comprehensive portfolio of certifications, including MIL-STD, AS9100, IEC 60601-1 and EN 50155.
About Cosel Co., Ltd.
Cosel Co., Ltd. is a Japanese manufacturer of power supply units listed on the Tokyo Stock Exchange (TSE Prime Market) and headquartered in Toyama, Japan. Founded in 1969, the company is a leading supplier of standard and customised AC/DC and DC/DC power supplies, serving customers worldwide in the industrial automation, semiconductor manufacturing, medical technology and telecommunications sectors.
Legal advisers to Hypax
Taylor Wessing Germany: Dr Thorsten Seidel (lead, Berlin), Sven Schweneke (lead, Munich), Corvin Gutzeit (Berlin); all Corporate/M&A; Dr Michael Brüggemann (Partner), Malke Kristina Zimmermann (Associate), both Regulatory, Düsseldorf; Sebastian Rünz (Salary Partner), Louis Warnking (Senior Associate), both Commercial Agreements & Distribution, Düsseldorf; Rudi Hasenberg (Salary Partner, Tax, Frankfurt am Main)
Delphi (Sweden):
Fredrik Lindén (Corporate); Albert Danielsson, Lea Elmquist (both Finance); Elisabeth Eklund, Amanda Bos Ekman (both Regulatory)
Legal adviser to Cosel
Miura Partners (Japan):
Haruka Murata
Setterwalls (Sweden):
Sunniva Otterbjörk; Mattias Detterfelt
