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Noerr advises Danish financial investor on forming pan-European corporate group

Noerr has advised the Danish private equity investment company Axcel on several pan-European acquisitions of high tech suppliers to the meat-processing industry and the formation of a global industry market leader.

Axcel is investing in the companies SFK LEBLANC, Attec, ITEC and Carometec via the Axcel IV fund.
 
The companies acquired were bought from various seller groups in Germany and Denmark. They operate across Europe and are owner-managed, except for SKF LEBLANC. SKF LEBLANC has been owned to date by the investment companies Maj Invest and Nimbus.
 
Total turnover at all four companies is around EUR150 million.
 
The buyers were advised by the law firm Gorrissen Federspiel in their domestic market Denmark.
 
The cross-border Noerr team led by Dr Tibor Fedke and Robert Korndörfer gave legal advice to Axcel in several jurisdictions. The engagement covered the German, Polish and Russian aspects of the transactions.
 
In Germany, the team advised both on the acquisition of the company ITEC and on the German legal aspects of the acquisition financing; in Poland, Noerr acted as local counsel in the Attec and Carometec transactions; and in Russia, Noerr advised on the antitrust law aspects of acquiring SFK LEBLANC.

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