Renzenbrink & Partner advised funds advised by Permira Debt Managers, Commerzbank and GLAS on the financing of the acquisition of Industrial Automation LLC by the SCIO Automation Group

2  October 2020

The SCIO Automation Group, headquartered in Frankenthal near Mannheim, Germany, is a portfolio company of Quadriga Capital and international platform with focus on intelligent automation and automated material handling solutions for a large variety of end-markets and applications. The SCIO Automation Group employs more than 900 people across 22 international locations.

As of 31 August 2020 the North American Industrial Automation LLC has been acquired by the SCIO Automation Group. Industrial Automation, headquartered in Rochester Hills, Michigan, employs around 140 people in the United States and Mexico. The company is specialized in automated assembly equipment for various industries in North America. Permira Debt Managers and Commerzbank have provided the financing for the SCIO Automation Group and were advised by Renzenbrink & Partner.

The Renzenbrink & Partner team was led by Dr Bernd Egbers(Partner) and comprised Philipp Hogrefe (Associate), Fei Li, LL.M.(Transaction Lawyer) and Anna Kovacic (Transaction Analyst) (all Finance, Munich).