DBAG acquires majority stake in SERO Schröder Elektronik
Frankfurt a. M./ Rohrbach — Shearman & Sterling advised Deutsche Beteiligungs AG (DBAG) and DBAG Fund VII, which it advised, on the acquisition of a majority stake in SERO Schröder Elektronik Rohrbach GmbH (Sero) in a management buy-out (MBO). Sero is the sixth investment of DBAG Fund VII, which focuses, among other things, on succession planning in family businesses in the context of MBOs. The closing of the transaction is still subject to the approval of the relevant antitrust authorities and is expected to take place in November 2018.
Sero, headquartered in Rohrbach, is a development partner and manufacturing service provider for electronic components. Sero’s main sales are in the automotive industry, but it also operates in other sectors. Sero offers its customers industrialization expertise and a high level of automation with machinery that enables innovative manufacturing processes and delivers cost-efficient products of the highest quality.
Advisor DBAG: Shearman & Sterling
Lead partner Dr. Thomas König, photo (Frankfurt-Mergers & Acquisitions), partner Dr. Esther Jansen (Frankfurt-Finance), counsel Dr. Anders Kraft (Frankfurt-Tax); associates Dr. Aliresa Fatemi, Denise Tayler, Sven Oppermann, Dr. Philipp Jaspers, Evelin Moini (all Frankfurt-Mergers & Acquisitions), Marion von Grönheim (Frankfurt-Finance) and Dr. Astrid Ruppelt (Frankfurt-Tax).
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Shearman & Sterling is an international law firm with 22 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling is represented at the Frankfurt office. The firm is one of the international market leaders in advising on complex cross-border transactions. Worldwide, Shearman & Sterling primarily advises international corporations and large national companies, financial institutions, and large mid-sized companies. For more information, visit www.shearman.com.