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Curtiss-Wright sells Phoenix Group to Liberta Partners

Photo: Liberta Manage­ment f.l.: Dr. Peter Franke, Florian Korb, Dr. Chris­tian Szczesny, Nils von Wietzlow
7. Febru­ary 2022

Munich, Germany — Curtiss-Wright Corpo­ra­tion (Curtiss-Wright) has sold CWFC Phoe­nix Group (Phoe­nix) to Liberta Part­ners. Curtis-Wright was advi­sed on this tran­sac­tion by the inter­na­tio­nal law firm Reed Smith.

Phönix, based in Volk­mar­sen, Germany, is a leading manu­fac­tu­rer of high-quality valves for chemi­cal, petro­che­mi­cal, nuclear and conven­tio­nal power plants as well as for the oil and gas industry.

Liberta Part­ners, a Munich-based multi-family holding company, acqui­red Curtiss-Wright’s shares in a corpo­rate carve-out following Curtiss-Wright’s stra­te­gic decision to focus on the defense sector.

The Reed Smith team that advi­sed on the tran­sac­tion was led by Constan­tin Conrads, Part­ner in the Munich Global Corpo­rate Group, who was the lead advi­sor on the sale of the company and nego­tia­ted the purchase agree­ment, Peter Teare, Part­ner in the London Global Corpo­rate Group, and Rita Gnoth-Novak, Senior Associate.
The entire Reed Smith team in Munich, Frank­furt and London inclu­ded part­ners David Ashmore, William Sutton, Dr. Martin Bünning, Jan Weiss­ger­ber and Dr. Anette Gärt­ner as well as asso­cia­tes Phil­ipp Berg­mann, Heidi Paget-Brown and Frie­de­rike Wilde-Detmering.

Advi­sor Liberta Part­ners: Arqis in Munich
Dr. Mauritz von Einem, Benja­min Bandur and Rolf Tichy.

In-house Liberta:
Chris­tian Szczesny (Gene­ral Cousel). EC M&A from Frank­furt was invol­ved as M&A advisor.

About Liberta Partners

Liberta Part­ners is a multi-family holding company based in Munich. Liberta Part­ners invests in compa­nies predo­mi­nantly based in German-spea­­king coun­tries with clear opera­tio­nal and stra­te­gic deve­lo­p­ment poten­tial, in parti­cu­lar in corpo­rate spin-offs and succes­si­ons. The company actively deve­lops invest­ments as part of its long-term “100% Core & Care” concept. The port­fo­lio compa­nies bene­fit from Liberta Part­ners’ inno­va­tive entre­pre­neu­rial expe­ri­ence. Liberta Part­ners’ team consists of M&A, corpo­rate deve­lo­p­ment and legal profes­sio­nals as well as an active advi­sory board. www.liberta-partners.com

About Curtiss-Wright

Curtiss-Wright Corpo­ra­tion is an inno­va­tive engi­nee­ring company provi­ding advan­ced products, systems and services in flow control, motion control and surface treat­ment tech­no­lo­gies for the defense, energy and commercial/industrial markets. As the succes­sor company to Glenn Curtiss and the Wright Brothers, Curtiss-Wright has a long tradi­tion of designing and manu­fac­tu­ring inno­va­tions and prides itself on its long-stan­­ding custo­mer rela­ti­ons­hips. The company employs around 9,700 people world­wide. www.curtisswright.com.

About Phoe­nix Group

The Phönix Group supplies the chemi­cal indus­try, refi­ne­ries and conven­tio­nal power plants world­wide with high-quality special valves in all stan­dards (DIN, ANSI, ASME, etc.). Nume­rous product and system certi­fi­ca­ti­ons ensure opti­mum safety and relia­bi­lity of Phoe­nix valves. The Phoe­nix Group is the world’s tech­no­lo­gi­cal leader in the field of bellows valves. The product range also inclu­des globe valves, gate valves, control valves, mete­ring line valves, change-over valves, check valves, strai­ner basket filters, high-pres­­sure valves, and a wide range of special valves such as alkyla­tion valves and safety valves for the aero­space indus­try. State-of-the-art proces­sing tech­no­logy, highly quali­fied employees, constant coope­ra­tion with inter­na­tio­nal stan­dards orga­niz­a­ti­ons, sales offices in important markets and subsi­dia­ries in France and the USA ensure a high level of custo­mer service. www.cw-valvegroup.com/About/phonix

About Reed Smith

Reed Smith is one of the leading inter­na­tio­nal law firms with more than 1,700 lawy­ers in 30 offices in Europe, the United States, the Middle East and Asia. For more infor­ma­tion, visit www.reedsmith.com.

 

 

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