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Allen & Overy advises palero on the acquisition of Tech Power Electronics Group

Allen & Overy has advised private equity investor palero on the acquisition of Tech Power Electronics Group (TPEG) from Schwa-Medico.

TPEG is a leading European manufacturer of inductive power components in sectors like automation, rail, energy, marine, med-tech, aerospace, and various other industries. Its blue chip customer base is served along the entire value chain from inhouse design, engineering, and manufacturing of electrical components. With c. 1,000 employees at 8 sites in Germany, France, Tunisia, Romania, Estonia, and India, TPEG offers its services from prototyping to series production for standardized products over industrial solutions to customized designs.

The acquisition of TPE Group is palero’s first platform investment in its recently launched fund palero IV. 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 comprised furthermore partners Dr Heike Weber, Florian Lechner (both Tax, Frankfurt), Dr Christian Hilmes (Real Estate, Hamburg), Dr Udo H Olgemöller (Public Law, Frankfurt) and Romy Richter (Private Equity, Paris) as well as counsels Dr Daniel Bolm (Real Estate, Hamburg) and Luc Lamblin (Public Law, Paris).

In addition, the team consisted of senior associates Hasan Kaya (Real Estate), Dr Stephan Bühner (Public Law, both Frankfurt), Heiner Mecklenburg (Antitrust) and Dr Jan Frederik Holst (Private Equity, both Hamburg), associates Cornelia Tu, Maja Klimaschewski (both Private Equity, Munich), Dr Manuel Köchel, Sören Rathjens (both Tax, Frankfurt), Carl-Philipp Hoepner (Real Estate, Hamburg), Hauke Jung (Real Estate, Frankfurt), Dr Naemi Czempiel and Dr Jonas Labinsky (both Antitrust, Hamburg), Timothé Drezet (Private Equity), Gaëtan Le Bris, Soukaïna El Mekkaoui, Myriam Azmy (all Corporate/M&A), Pauline Choplin, Ahmed Ben Hafsia (both Public Law, all Paris), senior transaction officer Anton Kern (Antitrust, Hamburg), transaction officers Angelina Lagoda (Real Estate, Hamburg), Victoria Druegh (Corporate, Frankfurt) and Corvin Kieselhorst (Corporate, Munich).