Exit: Family Trust sells novia Group to Swedish Bufab AB

Munich — The inter­na­tio­nal law firm Reed Smith has advi­sed the invest­ment company Family Trust on the sale of novia Group to the Swedish listed company Bufab AB. The sale of novia Group, an expert in global sourcing solu­ti­ons, to Bufab AB fina­li­zes Family Trus­t’s stra­tegy, initia­ted in July 2021, to consis­t­ently deve­lop novia Group into a compre­hen­sive one-stop store for global sourcing solu­ti­ons as part of group building. 

On the Reed Smith side, the tran­sac­tion was mana­ged by the Global Corpo­rate Group under the leader­ship of Dr. Niko­laus von Jakobs and Matthias Weingut.

Dr. Niko­laus von Jacobs comm­ents on the tran­sac­tion: “We are very plea­sed that we were able to support Family Trust in the imple­men­ta­tion of its group-buil­­ding stra­tegy. We would also like to thank you for the relia­ble and produc­tive coope­ra­tion on all sides, having alre­ady advi­sed Family Trust on previous deals.”

“The tran­sac­tion with Bufab is confir­ma­tion of the stra­te­gic work we have inves­ted in buil­ding and trans­forming the novia Group. We have streng­the­ned the company’s opera­tio­nal struc­ture and achie­ved a market-leading posi­tion with attrac­tive sales growth through targe­ted acqui­si­ti­ons,” says Family Trust part­ner Andreas Augus­tin about the tran­sac­tion, which aims to create an inte­gra­ted global sourcing cham­pion in a short space of time.

“The part­ner­ship with Family Trust has enab­led us to grow stra­te­gi­cally and has also supported us in the inte­gra­tion of our opera­ting units. The successful hando­ver to Bufab is now the logi­cal and promi­sing next step,” says Markus Bauer, Mana­ging Direc­tor of novia Group.

“With its attrac­tive posi­tion in the value chain and strong offe­ring to a diverse Euro­pean custo­mer base, the novia Group brings important new capa­bi­li­ties to the Bufab Group,” explains Erik Lundén, Presi­dent and CEO of the Bufab Group.

About Family Trust

Family Trust is an invest­ment company mana­ged by entre­pre­neurs. In addi­tion to signi­fi­cant own funds of the foun­ders, Family Trust invests the assets of insti­tu­tio­nal inves­tors, family offices, wealthy entre­pre­neu­rial fami­lies and private indi­vi­du­als in successful medium-sized compa­nies in German-spea­king count­ries. —https://familytrust.de

Advi­sor Family Trust: Reed Smith

Head Dr. Niko­laus von Jakobs and Matthias Wein­gut (both Part­ner, Munich);
Robert Werz­lau (Asso­ciate, Corporate/M&A, Munich), Nina Siewert (Part­ner, Tax, Frank­furt), Carina Kles­sing (Asso­ciate, Tax, Frank­furt), Dr. Michaela Westrup (Part­ner, Anti­trust, Munich), Celia Xu (Asso­ciate, Corporate/M&A, Shang­hai), Eric Lin (Part­ner, Corporate/M&A, Shang­hai), Kathe­rine Yang (Coun­sel, Corporate/M&A, Shanghai).

The Vischer law firm supported the Reed Smith team with regard to ques­ti­ons of Swiss law.

About Reed Smith

Reed Smith is one of the leading inter­na­tio­nal law firms. The firm has been in exis­tence for more than 140 years and compri­ses >30 offices with 3,000 employees, inclu­ding 1,700 lawy­ers in Europe, the USA, the Middle East and Asia. — www.reedsmith.com