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Allen & Overy advises funds of Deutsche Beteiligungs AG on acquisition of Cleanpart in a management buyout

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Kasten Roman
Dr Roman Kasten


Frankfurt am Main

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26 March 2015

Allen & Overy LLP provided advice to funds advised by Deutsche Beteiligungs AG (DBAG) on the acquisition of a majority in the Cleanpart group from Hohnloser group in a management buyout.

The investment is aimed at further driving the group's strategic development.

The seller and present managing shareholder, Dr. Jörg Hohnloser, will reinvest in the company and thus, along with the management, remain a major shareholder in Cleanpart. The parties agreed not to disclose the purchase price. The transaction is still subject to clearance by the cartel authorities.

Cleanpart services process-critical production tool components which are primarily used in the semi-conductor industry (i.e. logic chips, memory chips). It operates 14 sites in Germany, France and the US. 

The Allen & Overy team was led by partner Dr. Michael Bernhardt and senior associate Dr. Markus Käpplinger and also comprised senior associate Dr. Roman Kasten and associate Sebastian Dexheimer (all private equity, all Frankfurt). 

They were supported by senior associate Boris Blunck and associate Dr. Sebastian Schulz (both employment, Frankfurt), senior associates Dr. Christian Hilmes (real estate, Hamburg), Miray Kavruk (intellectual property, Düsseldorf) and Dr. Udo H. Olgemoeller, associate Dr. Nicole Blinn (both public law), partner Thomas Neubaum, counsel Bianca Engelmann, associate Patrick Reuter (all banking and finance), partner Dr. Asmus Mihm and associates Tim Spranger and Katharina Kashishian (all tax, all Frankfurt).

The Allen & Overy teams in Paris, New York and Singapore provided additional assistance.