Loyens & Loeff and Boels Zanders advised the ultimate beneficial owner of Baggerman Group on the deal. Mayer Brown and CMS advised NORRES.
Baggerman Group was sold to NORRES Group, strengthening its market leading position in Europe’s hoses sector.
Baggerman Group, founded in 1951, specialises on the development, production and sale of rubber and thermoplastic hoses and couplings in Northern and Eastern Europe.
The Group’s geographical footprint covers large parts of Northern and Eastern Europe with branches in the Netherlands, Germany, Italy, Switzerland, Hungary and Romania.
NORRES is one of the market-leading manufacturers of industrial plastic hoses in Europe. It has production facilities in Germany, China, the US and Italy and distribution and warehouse locations in the Czech Republic, France, Poland, Sweden, Taiwan and the UK. The company, founded in 1889, employs approximately 300 people worldwide.
NORRES is owned by Triton Smaller Mid-Cap Fund I, which invests in medium-sized, European companies in the industrial, technology, business services, healthcare and consumer goods sectors.
Loyens & Loeff advised the Swiss resident UBO of the Group with regard to all matters concerning Swiss and Dutch tax. The team comprised of Beat Baumgartner (Photo, partner, Tax Switzerland), Jules de Beer (Counsel, Tax Rotterdam), Livia Geissmann (Associate, Tax Switzerland), Anaïs Näscher (Associate, Tax Switzerland), Louis Lutz (Partner, Tax Amsterdam), Amit Havenaar (Senior Associate, Tax Amsterdam) and Sandrine Lekkerkerker (Associate, Tax Amsterdam).
The Mayer Brown team was led by Corporate & Securities partners Dr. Robert John, LL.M. and Dr. Julian Lemor and included senior associate Anna-Lena Haggeney and associates Dominique Kurtz and Darius Mey, and Tax Transactions & Consulting – partner Volker Junge (all based in Frankfurt).
The CMS Italy team was led by partner Daniela Murer, counsel Elsa Mora and associates Alessandra Cuni e Nicoletta Catanzaro.
The CMS Swiss team was led by partner Daniel Jenny, assisted by counsel Simone Brauchbar Birkhäuser and associates Ferdinand Blezinger, Katja Bertsche, and Marzia Schilleci.
The Boels Zanders team included Luuk Hendriks and Madelène Leurs of the team Mergers & Acquisitions.
Involved fees earner: Luuk Hendriks – Boels Zanders; Madelène Leurs – Boels Zanders; Nicoletta Catanzaro – CMS Adonnino Ascoli & Cavasola Scamoni; Alessandra Cuni – CMS Adonnino Ascoli & Cavasola Scamoni; Elsa Mora – CMS Adonnino Ascoli & Cavasola Scamoni; Daniela Murer – CMS Adonnino Ascoli & Cavasola Scamoni; Katja Bertsche – CMS von Erlach Poncet AG; Ferdinand Blezinger – CMS von Erlach Poncet AG; Simone Brauchbar Birkhäuser – CMS von Erlach Poncet AG; Daniel Jenny – CMS von Erlach Poncet AG; Marzia Schilleci – CMS von Erlach Poncet AG; Beat Baumgartner – Loyens & Loeff; Jules de Beer – Loyens & Loeff; Livia Geissmann – Loyens & Loeff; Amit Havenaar – Loyens & Loeff; Sandrine Lekkerkerker – Loyens & Loeff; Louis Lutz – Loyens & Loeff; Anaïs Näscher – Loyens & Loeff; Anna-Lena Haggeney – Mayer Brown; Robert John – Mayer Brown; Volker Junge – Mayer Brown; Dominique Kurtz – Mayer Brown; Julian Lemor – Mayer Brown; Darius Mey – Mayer Brown;