Halder sells KLINGEL Medical Metal to IK Investment
Frankfurt a. M. — Halder Beteiligungsberatung sells its shares in Klingel medical metal to IK Investment Partners. The medical technology company is the second exit from the portfolio of the Halder Germany II fund. Shearman & Sterling advised LBBW, SEB and Siemens Bank on the financing of the acquisition of KLINGEL, a manufacturer of high-precision components, by IK Investments.
As a machining specialist headquartered in Pforzheim, KLINGEL develops and manufactures high-precision components made of materials that are difficult to machine, especially stainless steel or titanium in the highest quality and technical aesthetics, primarily for medical technology. KLINGEL manufactures products for various sectors and applications, including orthopedic, cardiovascular and dental implants, as well as instruments for endoscopy and robotic surgery. Klingel medical metal GmbH was founded in 1986. — Helmut Klingel started the company as a two-man operation. According to the company, it now employs 330 people and generates annual sales of 30 million euros.
The Shearman & Sterling team led by partner Winfried M. Carli included associate Andreas Breu and transaction specialist Marina Kieweg (all Germany Finance).
About Shearman & Sterling
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.