Gleiss Lutz advised Perella Weinberg on the deal. Dentons and White & Case advised Faurecia. Hengeler Mueller and Bredin Prat advised the families Hueck and Röpke. Freshfields advised Hella. Hogan Lovells advised Bankhaus Lampe. Herbert Smith Freehills advised Natixis and Société Générale. Clifford Chance advised Mahle. Linklaters advised Plastic Omnium. Allen & Overy advised Knorr Bremse.
?HELLA GmbH & Co. KGaA and Faurecia SE have announced that the two companies have entered into an agreement on the combination of both businesses (Business Combination Agreement).
The signing of the Business Combination Agreement follows the conclusion of a bidding process initiated by a group of family-related shareholders (the “Pool Shareholders”) who have subjected a total of 60 per cent of all HELLA shares to a so-called pool agreement (the “Pool Shares”). In a first step, Faurecia has signed a share purchase agreement regarding the acquisition of the Pool Shares. In a next step, Faurecia plans to publish a voluntary public takeover offer to all shareholders of HELLA.
The gross offer value will amount to 60.96 Euro per HELLA share (including the dividend to be paid to the shareholders after HELLA’s annual general meeting scheduled for 30 September 2021); this corresponds to a total value of all HELLA shares of approximately 6.8 billion Euro. The offer document is expected to be published by mid/end September. The closing of the transaction is subject to various regulatory approvals and is expected at the beginning of 2022.
Perella Weinberg is acting as financial advisor of HELLA.
Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. With 266 industrial sites, 39 R&D centres and 114,000 employees in 35 countries, Faurecia is a global leader in its four areas of business: seating, interiors, Clarion Electronics and clean mobility. The Group’s strong technological offering provides carmakers with solutions for the cockpit of the future and sustainable mobility.
HELLA is a global, family-owned company listed on the stock exchange that has a rich history spanning over 100 years. They develop and manufacture lighting technology and electronic products for the automobile industry and have one of the largest retail organizations for vehicle parts and accessories in Europe.
The Gleiss Lutzt team included Dr. Jochen Tyrolt (Picture – partner, lead, corporate/M&A, Stuttgart), Florian Schorn (corporate/M&A, Munich).
The Dentons team included Philippe Max (Lead), Guillaume Kessler, David Cohen, William Turner, Steeve Jaskierowicz, Niharika Khimji.
The Faurecia Inhouse team was led by Nolwenn Delaunay (Executive Vice President, Group General Counsel, Board Secretary), Jérémy Thézée (Head of M&A), Stevenn Devaux (Head of Corporate and Capital Market) and Mélanie d’Anglejan-Chatillon (Head of Antitrust, Competition Law & Regulatory).
The Hengeler Mueller team included Dr. Thomas Paul, Thomas Meurer (both Lead; Corporate/M&A), Dr. Matthias Scheifele (Tax), Dr. Alf-Henrik Bischke (Antitrust), Dr. Daniela Böning (Finance), Prof. Dr. Dirk Uwer (Public Law), Dr. Maximilian Hermans, Dr. David Annussek, Dr. Matthias Marz, Lech Kopczynski (Corporate/M&A), Dr. Sebastian Heinrichs, Carina Kämpf (Tax), Christian Jopen (Antitrust), Dr. Carsten Bormann (Public Law).
The Bredin Prat team was led by Patrick Dziewolski (Corporate/M&A).
The Freshfields Bruckhaus Deringer team included Prof. Dr. Christoph Seibt (Lead; Corporate/M&A), Dr. Tobias Klose (Antitrust), Dr. Mario Hüther (Finance), Dr. Uwe Salaschek (Foreign Trade Law); Associates: Dr. Arne Krawinkel, Robert Fischer, Dr. Jean Mohamed (Corporate/M&A), Dr. Julia Förster (Employment), Dr. Susanne Zimmermann, Dr. Alexander Harrer (Antitrust), Geronimo Benedict (Foreign Trade Law).
The Hella Inhouse team was led by Nadja Hanuschkiewitz (General Counsel EMEA) and Detlev Bökenkamp.
The Hogan Lovells team included Prof. Dr. Michael Schlitt, Dr. Lutz Angerer, Thomas Weber and Dr. Timo Lockemann.
The Bankhaus Lampe Inhouse Team was led by Jan Burchards.
The Herbert Smith Freehills team included Kai Liebrich (Finance), Dr. Julius Brandt; Associate: Daniel Osmanovic (Corporate/M&A).
The Clifford Chance team included Dr. Christian Vogel, Bettina Steinhauer, Dr. Dominik Heß.
The Linklaters team included Wolfgang Sturm, Prof. Dr. Hans-Ulrich Wilsing, Ulli Janssen.
The Allen & Overy team included Dr. Hartmut Krause and Alexander Wüpper.
The White & Case team which advised on the transaction was co-led by partners Hugues Mathez (Paris) and Roger Kiem (Frankfurt) and included local partner Sebastian Pitz (Frankfurt), partners Franck De Vita, Alexandre Jaurett (both Paris), Stefan Bressler (Hamburg, Frankfurt), Andreas Lischka, Bodo Bender, (both Frankfurt), Tilman Kuhn (Düsseldorf, Brussels), Jeremie Jourdan (Brussels, Paris), Farhad Jalinous and Karalyn Mildorf (both Washington, DC), local partners Sebastian Stütze (Frankfurt), Mathis Rust and Thilo Wienke (both Düsseldorf), counsel Julien Bensaid-Berset and Orion Berg (both Paris), and associates Agmal Bahrami, Patrick Schoelles, Sina Reck, Mathias Bogusch, Markus Fischer, Gürkan Akbaba, Heinrich Nemeczek (all Frankfurt), Nico Frehse, Kristin Brüggert (both Hamburg), Hugo Chevillot (Paris), Jan Jeram, Iakovos Sarmas (both Brussels) and Tim Sensenig (Washington, DC).
Involved fees earner: Hartmut Krause – Allen & Overy; Alexander Wüpper – Allen & Overy; Patrick Dziewolski – Bredin Prat; Gürkan Akbaba – Clifford Chance; Dominik Heß – Clifford Chance; Bettina Steinhauer – Clifford Chance; Christian Vogel – Clifford Chance; David Cohen – Dentons; Steeve Jaskierowicz – Dentons; Guillaume Kessler – Dentons; Niharika Khimji – Dentons; Philippe Max – Dentons; William Turner – Dentons; Geronimo Benedict – Freshfields Bruckhaus Deringer LLP; Robert Fischer – Freshfields Bruckhaus Deringer LLP; Julia Förster – Freshfields Bruckhaus Deringer LLP; Alexander Harrer – Freshfields Bruckhaus Deringer LLP; Mario Hüther – Freshfields Bruckhaus Deringer LLP; Tobias Klose – Freshfields Bruckhaus Deringer LLP; Arne Krawinkel – Freshfields Bruckhaus Deringer LLP; Jean Mohamed – Freshfields Bruckhaus Deringer LLP; Uwe Salaschek – Freshfields Bruckhaus Deringer LLP; Christoph Seibt – Freshfields Bruckhaus Deringer LLP; Susanne Zimmermann – Freshfields Bruckhaus Deringer LLP; Florian Schorn – Gleiss Lutz; Jochen Tyrolt – Gleiss Lutz; David Annussek – Hengeler Mueller; Alf-Henrik Bischke – Hengeler Mueller; Daniela Böning – Hengeler Mueller; Carsten Bormann – Hengeler Mueller; Sebastian Heinrichs – Hengeler Mueller; Maximilian Hermans – Hengeler Mueller; Christian Jopen – Hengeler Mueller; Carina Kämpf – Hengeler Mueller; Lech Kopczynski – Hengeler Mueller; Matthias Marz – Hengeler Mueller; Thomas Meurer – Hengeler Mueller; Thomas Paul – Hengeler Mueller; Matthias Scheifele – Hengeler Mueller; Dirk Uwer – Hengeler Mueller; Julius Brandt – Herbert Smith Freehills; Kai Liebrich – Herbert Smith Freehills; Daniel Osmanovic – Herbert Smith Freehills; Lutz Angerer – Hogan Lovells; Timo Lockemann – Hogan Lovells; Michael Scheimer – Hogan Lovells; Thomas Weber – Hogan Lovells; Ulli Janssen – Linklaters; Wolfgang Sturm – Linklaters; Hans-Ulrich Wilsing – Linklaters; Agmal Bahrami – White & Case; Bodo Bender – White & Case; Julien Bensaid – White & Case; Orion Berg – White & Case; Mathias Bogusch – White & Case; Stefan Bressler – White & Case; Kristin Brüggert – White & Case; Hugo Chevillot – White & Case; Franck De Vita – White & Case; Markus Fischer – White & Case; Nico Frehse – White & Case; Farhad Jalinous – White & Case; Alexandre Jaurett – White & Case; Jan Jeram – White & Case; Jérémie Jourdan – White & Case; Roger Kiem – White & Case; Tilman Kuhn – White & Case; Andreas Lischka – White & Case; Hugues Mathez – White & Case; Karalyn Mildorf – White & Case; Heinrich Nemeczek – White & Case; Sebastian Pitz – White & Case; Sina Reck – White & Case; Mathis Rust – White & Case; Iakovos Sarmas – White & Case; Patrick Schölles – White & Case; Timothy Sensenig – White & Case; Sebastian Stütze – White & Case; Thilo-Maximilian Wienke – White & Case;
Clients: Bankhaus Lampe; Faurecia SA; Hella KGaA Hueck & Co; Hella KGaA Hueck & Co. Family Shareholders; Knorr-Bremse AG; Mahle GmbH ; Natixis; Perella Weinberg Partners L.P.; Plastic Omnium SA; Röpke Family ; Société Générale;