Noerr has advised the private equity investor American Industrial Partners (AIP) on the acquisition of the German OEM fasteners division of Anixter. The total volume of the global transaction is USD380 million.
Anixter is one of the world’s leading providers of products in the fields of data communication and security solutions, cable, as well as fasteners and small parts. With a workforce of 9,100, the company achieved revenues of USD 6.4 billion in 2014. In Germany Anixter operates at two locations.
The Noerr team led by the London partner Dr. Thomas Schulz advised AIP comprehensively on the German law aspects of the transaction. This particularly included negotiating the local purchase and assignment agreement, providing labour law advice on the transfer of business, as well as conducting the labour and real property law due diligence.
