Schiltach/Innsbruck, 27th February 2012 – The business unit “alloy wheels” of German automotive supplier BBS was acquired by an investment group consisting of Tyrol Equity AG, Udo Wendland and Lafayette Capital Partners (LCP). The international law firm Milbank, Tweed, Hadley & McCloy LLP advised LCP, future shareholder of 10 percent of the acquisition company that acquired the respective business unit of BBS, and the acquisition company itself on structuring and acquisition of the respective business unit of BBS.
BBS is a leading developer and manufacturer of premium quality alloy wheels in Germany and is a supplier for the international automobile and motorsports industries. The Austrian industrial holding company Tyrol Equity AG, industry expert Udo Wendland and financial investor Lafayette Capital Partners acquired the business from the insolvency administrator, Mr. Thomas Oberle.
Lafayette Capital Partners and the acquisition company were advised on the transaction by a Milbank team led by partner Peter Memminger as well as associates Dr. Thomas Tiedemann and Markus Messinger (all Corporate/M&A, Frankfurt). Milbank has had a long relationship with the client, Lafayette Capital Partners, representing them on numerous transactions over the years.
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm founded in 1866 in New York City. Today Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, New York, São Paulo, Singapore, Tokyo and Washington, DC and is present in all major financial and economic centers of the world. Milbank focuses its worldwide legal services in the areas of finance, transactions and litigation.
The first European office was opened in 1979 in London, followed by Frankfurt in 2001 and Munich in 2004. Due to the close cooperation of the German offices with the finance, corporate, cartel and tax lawyers practicing in other Milbank offices, in particular London and New York, Milbank Germany is in a position to provide fully integrated legal advice on the highest level in all these core areas pursuant to German, English and US law.
Elisabeth Raicher, Milbank Germany
+49 89 25559 3608