Renzenbrink & Partner advises LEO II Fund on the financing of the acquisition of Vitesco Technologies Emitec GmbH
14 October 2022
Renzenbrink & Partner supports the investment fund Lenbach Equity Opportunities II GmbH & Co. KG (“LEO II Fund”), advised exclusively by DUBAG Group, on the financing of the acquisition of Vitesco Technologies Emitec GmbH, which is Vitesco Technologies’ catalysts and filters business. The company is sold by the listed Vitesco Technologies Group AG, a spin-off of Continental AG.
Emitec is a global leader in the design and manufacturing of metallic substrates for catalytic converters and metallic diesel particulate filters for vehicles. In the course of this transaction the current management team, all employees and every company site will be taken over. The aim of the transaction is to enable Emitec, as an independent company, to better position itself worldwide as a key partner for clean electrified combustion and also to strengthen its activities in the non-automotive sector.
The transaction is expected to close in the first half of 2023 and is subject to regulatory approvals being granted.
The Munich based DUBAG Group is specialised in advising and managing private equity funds with a focus on acquisitions of companies in special situations and complex carve-outs. With the implementation of their financial and professional resources, they create new and independent companies, keeping a close eye on continuous improvement and sustainable growth. This expertise of DUBAG and LEO II Fund is once more shown in this transaction.
The Renzenbrink & Partner team was led by Partners Dr Bernd Egbers and Isabell Hitzer and consisted of Senior Associate Philipp Hogrefe as well as Associate Benedikt Ruck and Transaction Analyst Zacharias Woltering-Schlenker (all Finance/Munich).
Additional Counsel on the deal (amongst others):
Counsel to DUBAG (Corporate)
- Norton Rose Fulbright (Corporate/Munich): Bernd Dreier (Partner), Dr Wenzel Richter (Counsel)