Fidelium Partners’ Acquisition Of Bosch Automotive Steering Business

CMS and Buntscheck advised Fidelium Partners on the deal. Gibson Dunn and Gleiss Lutz advised Bosch. Arqis advised Deutsche Invest Capital Partners.

Fidelium Partners acquired the steering and transmission pump business of automotive supplier Bosch. The business comprises the development and distribution of steering pumps for passenger cars and commercial vehicles. It also includes transmission pumps, which are found solely in vehicles with internal combustion engines. The investor will take over around 900 employees worldwide and provide a guarantee for continued operation of the German sites. Details of the purchase price were not disclosed.

Munich-based Fidelium Partners is a private equity firm with an international outlook. It manages a cash-rich fund backed by a number of German business families. According to the firm’s own figures, long-term fund assets of EUR 103 million are available for acquisitions, follow-on investments, and add-ons.

CMS team included Dr Michael Wangemann (Picture), Lead Partner, Munich, Florian Seelig, Senior Associate, Munich, both Corporate/M&A, Dr Nina Hartmann, Partner, Munich, Labor, Employment & Pensions, Dr Markus Häuser, Partner, Munich, TMC and Dr Andreas Heim, Partner, Munich, Commercial.

The Buntscheck team was led by Martin Buntscheck; Associate: Immo Schuler.

The Gibson Dunn team included Dr. Lutz Englisch, Dr. Birgit Friedl, Michael Walther, Kai Gesing, Sebastian Schoon, Fang Xue, Qi Yue, Stephanie Connor, Sonja Ruttmann, Dr. Dennis Seifarth, Maximilian Schniewind, Daniel Gebauer, Dr. Marcus Geiss and Selina Grün.

The Gleiss Lutz team included Dr. Stefan Mayer, Dr. Ocka Stumm and Dr. Steffen Krieger.

The inhouse at Bosch was led by Dr. Jenny Dvorak, Matthias Geiger, Dr. Ulrich Zeller and Dr. Uwe Schneider.

The Arqis was led by Dr. Jörn-Christian Schulze and Tobias Neufeld.

Involved fees earner: Tobias Neufeld – Arqis; Jörn-Christian Schulze – Arqis; Martin Buntscheck – Buntscheck; Immo Schuler – Buntscheck; Nina Hartmann – CMS Hasche Sigle; Markus Häuser – CMS Hasche Sigle; Andreas Heim – CMS Hasche Sigle; Florian Seelig – CMS Hasche Sigle; Michael Wangemann – CMS Hasche Sigle; Stephanie Connor – Gibson Dunn & Crutcher; Lutz Englisch – Gibson Dunn & Crutcher; Birgit Friedl – Gibson Dunn & Crutcher; Daniel Gebauer – Gibson Dunn & Crutcher; Marcus Geiss – Gibson Dunn & Crutcher; Kai Gesing – Gibson Dunn & Crutcher; Selina Grün – Gibson Dunn & Crutcher; Sonja Ruttmann – Gibson Dunn & Crutcher; Maximilian Schniewind – Gibson Dunn & Crutcher; Sebastian Schoon – Gibson Dunn & Crutcher; Dennis Seifarth – Gibson Dunn & Crutcher; Michael Walther – Gibson Dunn & Crutcher; Fang Xue – Gibson Dunn & Crutcher; Qi Yue – Gibson Dunn & Crutcher; Steffen Krieger – Gleiss Lutz; Stefan Mayer – Gleiss Lutz; Ocka Stumm – Gleiss Lutz;

Law Firms: Arqis; Buntscheck; CMS Hasche Sigle; Gibson Dunn & Crutcher; Gleiss Lutz;

Clients: Bosch; DICP Deutsche Invest Capital Partners GmbH; Fidelium Partners;

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Author: Federica Tiefenthaler