SGL Carbon’s $250 Million Sale of its cathodes, furnace linings and carbon electrodes (CFL/CE) business


Oppenhoff & Partner, So?tysi?ski Kawecki & Szl?zak and Van Benthem & Keulen advised on the deal

SGL Carbon, the world-leading specialist in carbon fibres, finalized the sale of its cathodes, furnace linings and carbon electrodes (CFL/CE) business. In an auction process led by Deutsche Bank and HSBC, the private equity firm Triton Partners was the successful bidder.

The parties agreed on an enterprise value of 250 million Euros (cash-and-debt-free). Besides overhead functions in Wiesbaden and Meitingen, the CFL/CE business, which has over 600 employees, primarily consists of SGL Carbon Polska S.A. with production sites in Racibórz and Nowy Sacz. The closing of the transaction is still subject to clearance by the regulatory authorities. The closing is expected in the fourth quarter of this year.

SGL Group, which is situated in Wiesbaden, is a leading global manufacturer of products and materials made from carbon. At 33 production sites in Europe, North America and Asia, about 4,000 employees manufacture an extensive product portfolio ranging from carbon and graphite products, carbon fibres all the way through to composites.

Oppenhoff advised SGL Carbon with a team including Till Liebau (Picture), Dr. Markus Rasner, Katharina Leoff (all M&A/corporate law, Frankfurt am Main), Dr. Gunnar Knorr (tax law, Cologne), Dr. Andrés Martin-Ehlers (antitrust law, Frankfurt am Main) and Stephan Müller (foreign investment law, Cologne) advised SGL Carbon during this transaction.

Inhouse counsel involved at SGL Carbon were Dr. Stephan Bühler (General Counsel & CCO) and Dr. Dirk Matthes (Senior Legal Counsel).

On matters concerning Polish law Oppenhoff & Partner cooperated with a team of Soltysinski Kawecki & Szlezak led by Lukasz Berak (M&A/corporate law, Warsaw). Further team members were Anna Kratiuk (M&A/corporate law, Warsaw), Tomasz Duchniak (environmental law and infrastructure, Poznan) as well as Daniel Fengler (M&A/corporate law, investments and infrastructure, Poznan).

Van Benthem & Keulen, Utrecht, led by Jan Schurings, advised on matters of Dutch law.

Involved fees earner: Jan Schurings – Van Benthem & Keulen; ?ukasz Berak – Soltysi?ski Kawecki & Szl?zak; Anna Kratiuk–Kremer – Soltysi?ski Kawecki & Szl?zak; Daniel Fengler – Soltysi?ski Kawecki & Szl?zak; Tomasz Duchniak – Soltysi?ski Kawecki & Szl?zak; Till Liebau – Oppenhoff; Markus Rasner – Oppenhoff; Katharina Leoff – Oppenhoff; Gunnar Knorr – Oppenhoff; Andrés Martin-Ehlers – Oppenhoff; Stephan Müller – Oppenhoff;

Law Firms: Van Benthem & Keulen; Soltysi?ski Kawecki & Szl?zak; Oppenhoff;

Clients: SGL Carbon SE;