Allen & Overy advises HALEX Holding on the sale of its toolmaking division
Dr Alexander Veith
Frankfurt am Main
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04 May 2022
HALEX Extrusion Dies was founded in 1997 and operates four key manufacturing locations – two in Germany and two in the northern industrial region of Italy. The company is the second largest manufacturer of the latest generation of aluminium extrusion dies in Europe and the continent’s leading supplier of complex extrusion dies.
With the two business areas HALEX Extrusion Dies and Härtha Hardening Industries the HALEX Group, which has its registered seat in Aldenhoven in North Rhine-Westphalia, is one of the leading manufacturers of extrusion dies and service providers for surface technology in Europe. The sale of the extrusion dies division is in line with the company's strategy to fully concentrate on its core business and take advantage of the strong growth opportunities in the area of surface technology in the coming years,
The transaction was funded with a combination of cash on hand and available bank lines.
The team was led by partner Dr Alexander Veith (Corporate/M&A) and senior associate Tobias Hugo (Private Equity, both Munich).
Advice on the carve-out of the target companies from the existing financing (including security release) was provided by partner Thomas Neubaum (lead) and associate Can Altan (both Banking and Finance, Frankfurt).
Additional advice was provided by partner Dr Michael Ehret (Tax, Frankfurt), senior associates Anna Kräling (IP) and Catharina Glugla (Data Protection, both Düsseldorf) as well as associates Linda Mayer (Corporate/M&A, Munich) and Sven Bischoff (Tax, Frankfurt).
A team led by Counsel Antonio Ferri (Corporate/M&A, Milan) advised on Italian law aspects.
An Allen & Overy team led by Alexander Veith (M&A) and Thomas Neubaum (Financing) had already advised Bencis Capital Partners on the acquisition of HALEX Group from H2 Equity Partners in 2018.