ABC Technologies’ $95 Million Acquisition of Karl Etzel

Paul, Weiss, Rifkind, Wharton & Garrison advised funds managed by affiliates of Apollo Global Management on the deal.

Apollo portfolio company ABC Technologies Holdings Inc. announced its $95 million acquisition of Karl Etzel GmbH from the Schürrle family.

The transaction, which is expected to close in the first quarter of 2022, is subject to approval by the German Federal Antitrust Office and the Austrian Federal Competition Authority.

ABC Technologies is a leading manufacturer and supplier of custom, highly engineered technical plastics and lightweighting innovations to the global automotive industry.

Karl Etzel is a leading tier-1 and tier-2 supplier to the German luxury Original Equipment Manufacturer (OEM) market.

The Paul, Weiss team included M&A partners Taurie Zeitzer (Picture) and Brian Scrivani; finance partner Brian Kim; investment funds counsel Lisa Koff and Jeremy Larkins; and tax partner Brian Grieve.

Involved fees earner: Brian Grieve – Paul Weiss Rifkind Wharton & Garrison; Brian Kim – Paul Weiss Rifkind Wharton & Garrison; Lisa Koff – Paul Weiss Rifkind Wharton & Garrison; Jeremy Larkins – Paul Weiss Rifkind Wharton & Garrison; Brian Scrivani – Paul Weiss Rifkind Wharton & Garrison; Taurie Zeitzer – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Apollo Global Management;