FGvW advises ERBIWA Group on investment in Nanogate
Frankfurt/Göttelborn/Lindenberg — Nanogate SE is expanding its engineering expertise through a strategic partnership with the ERBIWA Group and plans to acquire a stake in ERBIWA. This was announced by the technology company for design-oriented, multifunctional components and surfaces.
Nanogate SE is thus strengthening its engineering expertise and expanding its portfolio through a strategic cooperation with ERBIWA. The company specializes in the development of complex plastic components and sophisticated manufacturing processes. With this strategic partnership, Nanogate is expanding its technology portfolio to include additional applications, such as the integration of stainless steel, carbon fibers or natural materials into plastics. As part of the strategic cooperation, Nanogate plans to initially acquire 50 % of the shares in ERBIWA Group.
The ERBIWA Group, based in Lindenberg, Germany, was founded in 2005. Customers include well-known addresses from the mobility segment and other industries. In addition to the engineering of components, ERBIWA also covers the development, design and procurement of important production equipment and tools and undertakes the production of prototypes, small series and special series parts. In addition to its headquarters, the company also has a site in China, which focuses primarily on the construction of high-quality production equipment. The company generated sales of more than EUR 15 million in 2018 and generated an attractive return on investment.
Nanogate and ERBIWA began their operational collaboration back in 2017. Against this backdrop, Nanogate now wants to acquire a 50 % stake in a first step, which will subsequently be further expanded. The closing is still subject to the successful implementation of various framework conditions. As part of the transaction, the previous owner of ERBIWA would like to acquire shares in Nanogate in addition to a cash component. If necessary, a capital increase in kind will be carried out for this purpose, which would be in the lower single-digit percentage range of the current capital stock. ERBIWA is initially to be included at equity in the consolidated financial statements of Nanogate SE. Further details of the agreement were not disclosed.
Advisors to ERBIWA Group and its shareholder Ernst Wagner: Friedrich Graf von Westphalen & Partner, Freiburg
Dr. Hendrik Thies, Partner, Photo (Lead Corporate, M&A)
Dr. Stefan Lammel, Partner (Corporate Finance, M&A)
Dr. Morton Douglas, Partner (IP)
Dr. Till Böttcher, Senior Associate (Real Estate)
Stephanie von Riegen, Senior Associate (Corporate, M&A)
Advisors to Nanogate SE: CMS Hasche Sigle Partnerschaft von Rechtsanwälten und Steuerberatern mbB, Frankfurt
Katja Pohl, Partner (Lead Partner Corporate, M&A)
Johanna Hofmann, Partner (Real Estate)
Dr. Elena Chertkova, Senior Associate (Corporate, M&A)
Sandra Scheib, Senior Associate (Real Estate)
Nanogate SE also received tax advice from Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft (EY).
The shareholder was also advised on M&A transactions by MNI Partners (lead: Dominik Lutz).
In addition, ERBIWA and its shareholders were advised by the tax advisors and auditors of HÄNLE & PARTNER, based in Tettnang (lead: Daniel Heinzelmann, Partner).
About Friedrich Graf von Westphalen & Partner
Friedrich Graf von Westphalen & Partner is one of the leading independent German commercial law firms. The firm’s approximately 85 lawyers, including 31 partners, advise companies worldwide from offices in Cologne, Freiburg, Frankfurt am Main, Alicante and Brussels, as well as from cooperation offices in Shanghai, São Paulo and Istanbul. In total, the firm has around 200 employees. For more information, visit www.fgvw.de.