Rheinmetall takes over Spanish ammunition manufacturer Expal Systems
Düsseldorf/ Frankfurt a. M. — Herbert Smith Freehills advised Düsseldorf-based Rheinmetall AG on the conclusion of a purchase agreement with MaxamCorp. Holding S.L., Madrid, to acquire all shares in Expal Systems S.A., a global munitions manufacturer. The closing of the transaction, which is expected to take place by summer 2023, is subject to antitrust and other regulatory reviews. The agreement between Rheinmetall and MaxamCorp. The agreed purchase price is based on an enterprise value of EUR1.2 billion.
Herbert Smith Freehills advised Rheinmetall with an international team led by partners Dr. Sönke Becker (Corporate/M&A, Düsseldorf) and Alberto Frasquet (Corporate/M&A, Madrid).
Advisor Rheinmetall: Herbert Smith Freehills Düsseldorf/ Frankfurt
Dr. Sönke Becker (photo) (Lead, Corporate/M&A), Dr. Marcel Nuys (Competition), Dr. Marius Boewe (Regulatory), Dr. Steffen Hoerner (Tax), Dr. Julius Brandt (Corporate/Capital Markets); Marjel Dema (Senior Associate, Corporate/M&A); Counsel: Dr. Christian Johnen, Lena von Richthofen (both Corporate/M&A); Dr. Florian Huerkamp (Competition); Associates: Tatiana Guenster (Tax), Mirko Gleitsmann, Caroline Wendt (both Competition), Kristin Kattwinkel, David Rasche (both Regulatory)
Madrid: Alberto Frasquet (Lead, Corporate/M&A), Henar Gonzalez (Competition), Tomas Diaz Mielenhausen (Real Estate); Counsel: Marta Esteban (Corporate/M&A), Pablo Garcia Mexia (Disputes), Álvaro Gross (Real Estate), Esther Lumbreras (Public Law); Associates: Amparo de Leyva, Alejandro Hillage, Jacobo Jiménez-Poyato Narváez, Carmen Muñoz, Alvaro Silva (all Corporate/M&A), Ignacio Jiménez-Poyato Narváez, Pablo de Vega Tremps (both Employment), Beatriz Madrigal, Lucía Tarracena Figar (both Real Estate), Miguel Ángel Barroso López, Monica de Hevia, Catalina Hierro (all Public Law), Jose Munoz (Competition), Miguel Alvargonzalez, Christina Diez de Rivera, Jose Maria Faz (all Finance)
New York: James Robinson (Corporate/M&A), Joseph Falcone (Disputes); Associates: Lina Velez (Finance, Corporate/M&A), Tyler Hendry (Employment)
Milan: Francesca Morra, Iria Calvino; Associate: Giacomo Gavotti (all Corporate/M&A)
London: Veronica Roberts; Associates: Max Kaufman, Agostino Bignardi (all Regulatory)
Kuala Lumpur & Singapore: Glynn Cooper; Associates Prakash Selvam, John Ling (all Corporate/M&A)
Brussels: Kyriakos Fountoukakos (Competition)