Renzenbrink & Partner advises funds of Permira Debt Managers, Commerzbank and GLAS on the financing of the acquisition of Industrial Automation LLC by SCIO Group
2. October 2020The SCIO Automation Group, headquartered in Frankenthal near Mannheim, a portfolio company of Quadriga Capital, is an international provider of intelligent automation and intralogistics solutions for a wide range of end markets and applications. The company employs over 900 people across its 22 international locations.
With effect from August 31, 2020, the North American company Industrial Automation LLC became part of the SCIO Automation Group. Industrial Automation, headquartered in Rochester Hills, Michigan, employs approximately 140 people in the U.S. and Mexico and specializes in custom automation solutions for various industries throughout North America. Permira Debt Managers and Commerzbank are providing the financing for SCIO Automation Group and were advised by Renzenbrink & Partner.
The Renzenbrink & Partner team, led by Dr. Bernd Egbers (Partner), consisted of Philipp Hogrefe (Associate), Fei Li, LL.M. (Transaction Lawyer) and Anna Kovacic (Transaction Analyst) (all Finance, Munich).