Freudenberg Chemical Specialities’ Acquisition of Deurowood

Freudenberg Chemical Specialities' Acquisition of Deurowood

King & Wood Mallesons and Dorda advised a fund managed by PINOVA Capital GmbH (PINOVA Capital) as well as further shareholders on the sale of all shares in Deurowood Holding GmbH (Deurowood) and Deurowood Produktions GmbH to Freudenberg Chemical Specialities Munich GmbH (FCS).

Deurowood, founded in 2003 and headquartered in Hard, Austria, is a globally leading full-range supplier in the area of innovative and safe-to-use chemical additives for paper impregnation and the production of laminates. The company develops, manufactures and sells catalysts, functional additives, pigment dispersions and other special products for the impregnation of paper, production of laminates and wood composites.

FCS, headquartered in Munich, Germany, develops, manufactures and distributes chemical specialities. FCS is one of the global leading manufacturers of specialty lubricants, release agents, chemotechnical maintenance products, and solutions for surface and galvanic technologies as well as polishing agents, glazes and release agents for the food-processing industry. With the acquisition of Deurowood, FCS continues its acquisition strategy and expands its existing business with the paper and wood-based materials industry.

Deurowood will be integrated into the FCS Group and will thus have the opportunity to build on its success story and to develop further in cooperation with FCS. Deurowood will continue to be responsible for the operational management of its business by the responsible management. The company headquarters will remain in Hard.

PINOVA Capital is an independent private equity firm investing in high-growth technology companies in German-speaking regions. PINOVA Capital focuses on “Mittelstand” companies with sales between €10 million and €75 million in the sectors industrial technology and information technology, characterized by significant growth potential, sustainable competitive advantages and a strong market position in their niche.

At KWM, Markus Herz (Partner – Picture), as responsible for the legal advice together with Lorenz Liebsch (Associate) and Simon Brandt (PSL) (all Corporate/M&A).

The DORDA team was led by Bernhard Rieder (Partner) and supported by Lukas Herrmann.

Involved fees earner: Lukas Herrmann – DORDA ; Bernhard Rieder – DORDA ; Simon Brandt – King & Wood Mallesons; Markus Herz – King & Wood Mallesons; Lorenz Liebsch – King & Wood Mallesons;

Law Firms: DORDA ; King & Wood Mallesons;

Clients: PINOVA Capital;

Federica Tiefenthaler

Author: Federica Tiefenthaler