Bencis Capital acquires HALEX Holding from H2 Equity Partners
Frankfurt am Main / Munich — Allen & Overy LLP has advised private equity investor Bencis Capital Partners (“Bencis”) on the acquisition of HALEX Holding GmbH (“Halex”) from H2 Equity Partners.
Halex, based in Aldenhoven, North Rhine-Westphalia, is one of Europe’s leading manufacturers of extrusion dies and service providers for heat treatment with its two business units Halex Extrusion Dies and Härtha Hardening Industries. The company operates twelve sites in Germany, Italy, the Netherlands and Romania and employs around 460 people.
Bencis is a private equity firm that invests in successful mid-sized companies primarily in the Benelux and Germany.
The Allen & Overy team advised on all M&A legal issues in this transaction as well as on the complex financing structure of the transaction, consisting of a unitranche financing in the form of notes provided by Muzinich & Co., Idinvest Partners and CVC Credit Partners and a revolving credit facility granted by ABN AMRO.
The team was led by Munich partner Dr. Alexander Veith with support from senior associate Dr. Daniel Epe and associate Tobias Hugo (all Corporate/M&A, Munich).
The financing of the transaction was advised by Partner Thomas Neubaum (Banking and Finance), Partner Dr. Stefan Henkelmann (International Capital Markets), Counsel Jens Nollmann (International Capital Markets) and Bianca Engelmann, Senior Associates Elke Funken-Hötzel and David Schmidt, Associate Louisa Drewniok and Transaction Support Lawyer Anastasiya-Evangelina Gordienko (all Banking and Finance, Frankfurt).
Furthermore, the partners Dr. Asmus Mihm (Tax Law, Frankfurt), Dr. Börries Ahrens (Antitrust Law, Hamburg), Counsel Dr. Christian Hilmes (Real Estate, Hamburg), the Senior Associates Peter Seidel and Dr. Dominic Paschke (both Tax Law, Frankfurt) as well as the Associates Heiner Mecklenburg (Antitrust Law, Hamburg) and Dr. Wolfgang Wittek (Labor Law, Hamburg) provided advice.
Notes to the Editor:
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