Noerr has advised Landesbank Baden-Württemberg (LBBW) and Siemens Bank on financing the purchase of automotive supplier Dieter Braun by Deutsche Beteiligungs AG (DBAG).
The DBAG Fund VI, advised by DBAG, has acquired the majority of the shares in Dieter Braun by way of a buyout.
The seller is the private equity firm Seafort Advisors. Besides DBAG, the management will also hold shares in Dieter Braun in future.
The Dieter Braun Group specialises in cable assembly and lighting technology particularly for the automotive industry, with a workforce of some 1,500 and sites in Germany, the Czech Republic, Mexico, China and Ukraine.
Noerr advised the financing banks with a team led by the Frankfurt partner Tom Beckerhoff.
