Shearman & Sterling advises Pinova on financing of acquisition of Sauter Federn
Frankfurt a. M. — Shearman & Sterling advised PINOVA Capital on the financing of the acquisition of Sauter Fed ern GmbH (“Sauter Federn”), a leading manufacturer of technical springs.
Sauter Federn, headquartered in Furtwangen, Germany, has specialized in the development and manufacture of customized spring solutions for more than 80 years.
PINOVA Capital is a Munich-based, independent investment company for equity financing of fast-growing, innovative medium-sized companies in German-speaking countries. Shearman & Sterling has regularly advised PINOVA Capital on financing matters in the past, including the financing of the acquisition of Utimaco, Human Solutions, Deurowood and WEETECH.
The Shearman & Sterling team included Partner Dr. Matthias Weissinger and Transaction Specialist Marina Kieweg (both Germany-Finance).
About PINOVA Capital
PINOVA covers the entire equity spectrum from growth capital to succession solutions in the context of majority or minority shareholdings. With two funds, around €300 million in financing is available for corporate investments, provided by institutional investors with a long-term investment horizon.
About Shearman & Sterling
Shearman & Sterling is an international law firm with 22 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling is represented at the Frankfurt office. The firm is one of the international market leaders in advising on complex cross-border transactions. Worldwide, Shearman & Sterling primarily advises international corporations and large national companies, financial institutions, and large mid-sized companies. For more information, visit www.shearman.com.