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Mitsubishi HiTech Paper Europe sells Flensburg paper mill to Quantum Capital

Photo: Andreas Jent­gens, Part­ner at Deloitte Legal in Frank­furt a. M. (© Deloitte)
12. Septem­ber 2023

Frank­furt — Mitsu­bi­shi HiTec Paper Europe GmbH (MPE) has sold MPE Flens­burg GmbH (MPEF). The buyers are various funds advi­sed by Quan­tum Capi­tal Part­ners. A multi­di­sci­pli­nary and multi-site Deloitte team led by Corporate/M&A Part­ner Andreas Jent­gens and Coun­sel Marc Oliver Stock advi­sed Mitsu­bi­shi HiTec Paper Europe GmbH (MPE) on the sale of MPE Flens­burg GmbH (MPEF). The parties have agreed not to disc­lose details of the transaction.

MPE is a wholly owned subsi­diary of Mitsu­bi­shi Paper Mills (MPM), a company that not only manu­fac­tures and deve­lops prin­ting paper, prin­ting plate mate­ri­als and prin­ting systems for offset and other prin­ting proces­ses, but also supplies media for almost all recor­ding formats, such as pres­­sure-sensi­­tive, ther­mal, magne­tic, elec­tro­gra­phic, silver halide photo paper and inkjet paper. In addi­tion, MPM is expan­ding its opera­ting busi­ness to include func­tional mate­ri­als such as highly func­tional filters and is incre­asingly focu­sing on rese­arch and deve­lo­p­ment in new busi­ness areas.
MPEF is active in the produc­tion of specialty papers with a focus on ther­mal and barrier papers and opera­tes one paper machine and two coating lines with a total capa­city of 35,000 tons per year. The Flens­burg mill has more than 300 years of company history and is known for its tech­no­lo­gi­cal know-how, product speci­fi­ca­ti­ons and quality paper used for various appli­ca­ti­ons such as event tickets, lottery tickets, trans­por­ta­tion, food stamps, cash regis­ter receipts, pack­a­ging and more.

Deloitte provi­ded compre­hen­sive support to MPE in the sale. Thanks to the inter­di­sci­pli­nary coope­ra­tion of Deloitte Legal’s legal advi­sors with the experts from Deloitte’s Corpo­rate Finance Advi­sory Team, led by Clau­dius Thiell, follo­wing the “one-stop-shop” approach, the tran­sac­tion was comple­ted effi­ci­ently and successfully. With this tran­sac­tion, the Deloitte team once again demons­tra­ted its finan­cial lead advi­sory and legal & SPA advi­sory capa­bi­li­ties and its exper­tise in execu­ting cross-border M&A transactions.

Advi­sor Mitsu­bi­shi HiTech Paper Europe GmbH: Deloitte Legal Germany
Andreas Jent­gens, photo (Part­ner, Corporate/M&A; © Deloitte), Marc Oliver Stock (Coun­sel, Lead, Corporate/M&A), Jana Hupfer (Coun­sel, Corporate/M&A), Linda Korn (Asso­ciate, Corporate/M&A), Nicola Werry (Part­ner, Data Protec­tion), Juliane Franze (Senior Asso­ciate, Data Protec­tion), Marco Engel­mann (Coun­sel, Real Estate), Susan Lange (Senior Asso­ciate, Real Estate), Rebecca Gulden (Asso­ciate, Real Estate), Claus Wilker (Coun­sel, Employ­ment), Katha­rina Zicker­mann (Coun­sel, Antitrust).

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