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Allen & Overy advises palero on the acquisition of GTMB Metallteilfertigung and GTB Bahntechnik

Allen & Overy has advised private equity investor palero on the acquisition of GTMB Metallteilfertigung GmbH (GTMB) and GTB Bahntechnik GmbH (GTB) from Mettec-Holding GmbH.

GTMB is a specialized manufacturer of high-precision milled and turned metal parts. GTMB offers an extensive portfolio of technological possibilities from CNC milling/turning, 3D milling, automatic turning and complex assemblies to one-stop-shop. By consistently integrating its highly automated machinery with real-time, data-based ERP and production software, GTMB operates a smart factory that creates a valuable competitive advantage.

GTB is a high-quality supplier of safety-critical rail infrastructure and on-board train protection technology. The company offers a broad product portfolio that covers the entire range of safety-related equipment (trackside and on-board). GTB also has in-depth expertise in customized electronics assembly.

The acquisition of GTMB and GTB is a further platform investment by palero as part of the recently launched palero IV fund.The parties have agreed not to disclose the purchase price.

The Allen & Overy team was led by partner Dr Hendrik Röhricht (Private Equity, Munich) and also included partners Dr Heike Weber (Tax) Dr Sven Prüfer (Restructuring), Anna Masser (Litigation, all Frankfurt), Dr Börries Ahrens (Antitrust) as well as counsel Dr Hauke Sattler (Insolvency) and Dr Daniel Bolm (Real Estate, all Hamburg).

The team also included senior associates Benjamin Maciejewski, Cornelia Tu (both private equity), Dr Rauni Ahammer (banking and finance law, all Munich), Catharina Glugla (data protection), Anna Kräling (IP/IT, both Düsseldorf) and Stefanie Günther (public law, Frankfurt), associates Maria Heilmann (private equity), Sebastian Gerstner (private equity, Munich), Dr Jasmin Hense (Litigation), Hauke Jung (Real Estate), Sören Rathjens (Tax, all Frankfurt), Pascal Yves Schroeder (data protection), Katharina Jünemann (IP/IT, both Düsseldorf), Dr Friedrich Schellen (banking and finance law), Carl-Philipp Hoepner, Beatrice Völkel (both real estate law), Julius von Düring (antitrust law, all Hamburg), Senior Transaction Officer Oliver Ahnseel (real estate law, Hamburg), Transaction Officers Sophia Merkl, Corvin Kieselhorst (both corporate, both Munich) and Angelina Lagoda (real estate law, Hamburg).