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Photo: Holger H. Ebersberger, LL.M., Partner at McDermott Will & Schulte, Munich (Photo: MDWS)

McDermott advises Ardian on the acquisition of a majority stake in centrotherm

Photo: Holger H. Ebers­ber­ger, LL.M., Part­ner at McDer­mott Will & Schulte, Munich (Photo: MDWS)
7. Novem­ber 2025

Frank­furt a. M./ Munich — McDer­mott Will & Schulte has advi­sed the finan­cial inves­tor Ardian on the conclu­sion of an agree­ment with Solar­park Blau­tal GmbH on the acqui­si­tion of its 90 percent stake in cent­ro­therm inter­na­tio­nal AG, a leading provi­der for the design and produc­tion of systems for the manu­fac­ture of power semiconductors.

Ardian acqui­res a majo­rity stake in cent­ro­therm via Ardian Semi­con­duc­tor, an inno­va­tive private equity plat­form specia­li­zing in invest­ments in the Euro­pean semi­con­duc­tor indus­try. It was foun­ded in an exclu­sive stra­te­gic part­ner­ship with Silian Part­ners, a team of reco­gni­zed experts from the semi­con­duc­tor indus­try. For Ardian Semi­con­duc­tor, this latest invest­ment marks the third tran­sac­tion follo­wing the acqui­si­tion of IBS in Octo­ber 2024 and Syner­gie Cad in Janu­ary 2025, and the first tran­sac­tion in Germany. 

Solar­park Blau­tal reinvests part of its proceeds as part of the agree­ment, ther­eby remai­ning a signi­fi­cant share­hol­der of centrotherm.

Comple­tion of the tran­sac­tion is subject to custo­mary condi­ti­ons, inclu­ding regu­la­tory approvals.

cent­ro­therm specia­li­zes in the deve­lo­p­ment, manu­fac­ture and sale of high-tempe­ra­­ture process systems and has a long history as a supplier to both the semi­con­duc­tor and photo­vol­taic industries.

ARDIAN is a leading global inde­pen­dent finan­cial inves­tor head­quar­te­red in Paris with more than 1,860 inves­tors world­wide and appro­xi­m­ately USD 192 billion in assets under manage­ment or advisement.

Advi­sor Ardian: McDer­mott Will & Schulte, Munich

Holger H. Ebers­ber­ger, LL.M. (lead), Dr. Thomas Diek­mann (Coun­sel), Alex­an­dra Prato (Coun­sel; all Private Equity), Dr. Phil­ipp Gren­ze­bach (Corporate/M&A, Düsseldorf/Frankfurt), Dr. Matthias Weis­sin­ger (Finance), Dr. Felix Ganzer (Private Equity, Frank­furt), Dr. Chris­tian Dries­­sen-Rolf (Employ­ment Law, Frank­furt), Adrian Helfen­stein (Coun­sel, Real Estate Law, Frank­furt), Holger Mlynek (Coun­sel, Energy & Infra­struc­ture, Frank­furt), Dr. Claus Färber (Coun­sel, Data Protec­tion Law, Düssel­dorf), Dr. Alexa Ningel­gen (Public Law, Düssel­dorf), Stefa­nie Solt­we­del (Commer­cial, Düssel­dorf), Ul. Claus Färber (Coun­sel, Data Protec­tion Law), Dr. Alexa Ningel­gen (Public Law, Düssel­dorf), Stefa­nie Solt­we­del (Commer­cial, Düssel­dorf), Ulrike Witt, LL.M. (Coun­sel, Restruc­tu­ring, Düssel­dorf), Stef­fen Woitz, LL.M. (IP/IT), Dr. Florian Schie­fer (Tax Law, Frank­furt); Asso­cia­tes: Parsin Walsi, LL.M., Dr. Manuel Weiß, Julia Külzer, Nicole Kaps, Marion Dalvai-König (all Private Equity), Carlota Huth (Düssel­dorf), Darius M. Mosleh, LL.M (Düsseldorf/Cologne), Anna­belle Juli­ette Rau (Colo­gne), Tjark Pogoda (Düssel­dorf; all Corporate/M&A), Atha­na­sia Eleft­he­ria­dou, LL.M. (Düssel­dorf), Sönke Wasser­mann (Frank­furt; both employ­ment law), Constanze Götz (Energy & Infra­struc­ture, Frank­furt), Tim Becker (Finance), Maren Rimbach (Dispute Reso­lu­tion, Cologne).

About McDer­mott Will & Schulte

McDer­mott Will & Schulte is a leading inter­na­tio­nal commer­cial law firm with more than 1,750 lawy­ers in over 20 offices in Europe, North America and Asia. In Germany, the firm has offices in Düssel­dorf, Frank­furt am Main, Colo­gne and Munich. Our teams cover the entire spec­trum of commer­cial law with their know-how. The German prac­tice is led by McDer­mott Will & Schulte Rechts­an­wälte Steu­er­be­ra­ter LLP. — www.mwe.com/de

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