Hengeler Mueller advises Hymer on sale to Thor Industries
The shareholders of Erwin Hymer Group SE and Thor Industries, Inc. have announced that they have entered into a definitive agreement for the acquisition of Erwin Hymer Group by Thor for an enterprise value of approximately 2.1 billion euros. The purchase price is to be financed by cash and equity. The equity payment will consist of approximately 2.3 million shares of Thor. The Hymer family thus remains committed to the industry. The merger creates the world’s largest motorhome manufacturer with the leading position in North America and Europe and establishes a global sales and production base for the company.
Hengeler Mueller advised Hymer both in connection with the sale and in preparation of an IPO (dual track).
The sale was advised by partners Prof. Dr. Hans-Jörg Ziegenhain and Dr. Daniel Möritz (both lead, M&A, Munich), Dr. Markus Röhrig (antitrust/merger control, Brussels), Dr. Matthias Scheifele (tax, Munich), Prof. Dr. Dirk Uwer (public commercial law, Düsseldorf), Dr. Daniel Weiß (financing, Frankfurt), counsel Dr. Gunther Wagner (tax, Munich), Peter Dampf (financing, Frankfurt) and Dr. Andrea Schlaffge (Intellectual Property/IT, Düsseldorf) as well as associates Dr. Jakub Lorys, Dr. Johannes Baumann, Dr. Aris Miro Marinello, Dr. Thomas Daniel Weierer, Dr. Florian Alexander Dendl (all M&A, Munich), Dr. Sebastian Adam (Tax), Dr. Alexander Wellerdt (Financing) (both Frankfurt), Dr. Deniz Tschammler (Public Commercial Law, Berlin), Anja Balitzki (Düsseldorf) and Dr. Christina Wolf (Brussels) (both Antitrust).
Partners Dr. Reinhold Ernst (Frankfurt) and Dr. Simon Patrick Link (Munich) (both lead) and Counsel Cecilia Di Ció (Frankfurt) (all Capital Markets) were involved in the preparation of the IPO.
A team from the US law firm Cravath, Swaine & Moore (partners Mark I. Greene and Aaron M. Gruber) advised on US law issues.