Hundt family and Allgaier Werke transfer majority stake to Westron Group
Uhingen/ Munich — Shearman & Sterling advised Allgaier Group on financing law in connection with the transfer of a majority stake to Westron Group and a comprehensive restructuring of its financial liabilities.
With this transaction, the Hundt family of shareholders and Allgaier Werke GmbH transfer 88.9 percent of their business shares to the Westron Group. In connection with the transaction, the Westron Group contributed additional equity to Allgaier Werke GmbH, thus strengthening the financial stability of the Allgaier Group.
The Allgaier Group is a system supplier for the international automotive industry as well as a developer of standardized and individual solutions for the process engineering industry based in Uhingen, Baden-Württemberg. The company employs 1,700 people.
Westron Group is an industrial company whose investment division focuses on the automotive and technology sectors.
The team led by partner Winfried M. Carli last advised Allgaier Group 2021 on a comprehensive restructuring.
Advisors to Allgaier Group: Shearman & Sterling
The Shearman & Sterling team included partner Winfried M. Carli and associate Nils Holzgrefe (both Munich Finance).
About Shearman & Sterling
Shearman & Sterling is an international law firm with 25 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling has offices in Frankfurt and Munich. 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. www.shearman.com.