CHICAGO - Katten Muchin Rosenman LLP is pleased to have served as lead global legal counsel to Madison Capital Partners in its agreement to acquire German plastics and rubber processing machinery manufacturer, Mannesmann Plastics Machinery (MPM) from Luxembourg-based Demag Holding, S.a.r.l.
Under the terms of the binding agreement signed on May 26, Madison, along with the management of MPM, will purchase 100 percent of MPM’s shares. The value of the deal, which is expected to close within 45 days of the agreement’s signing, was not disclosed.
"We have represented Madison Capital Partners and its portfolio companies in all of their investments over the past 12 years and are pleased to be able to serve them once again in this very important acquisition," said Brian F. Richards, lead counsel for Madison Capital Partners and national co-chair of Katten’s Mergers and Acquisitions Practice.
Katten’s transaction team was lead by Mr. Richards and his tax partner, Jim Smulkowski, who served as lead global tax advisor to Madison on the transaction.
Larry W. Gies, Jr., President and CEO of Madison Capital Partners, stated: "Brian, Jim and the rest of the Katten team once again provided excellent, practical, responsive and efficient service. We could not have signed a deal of this size and complexity within six weeks without their tireless efforts."
Madison, a Chicago-based investment group, acquires and grows industrial manufacturing companies. Madison has previously financed the growth of 19 very successful multinational corporations.
MPM is the world’s largest manufacturer of plastics and rubber processing machinery and the market leader in the production of injection molding machines. In its most recent fiscal year, the company recorded sales of 1.3 billion Euro, which was generated from more than 40 locations in 20 countries. MPM is a former member of Mannesmann Corporation, which was later bought by Siemens. In 2002, seven former Mannesmann and Siemens companies, including MPM, were purchased by Demag Holding, which is owned 81 percent by Kohlberg Kravis Roberts & Co. and 19 percent by Siemens.
Katten Muchin Rosenman LLP (www.katten.com) is a national, full-service law firm with offices in the nation's largest centers of business, government, finance and technology and an associated entity in London. The Firm’s 600 attorneys in more than 40 practice areas provide timely and cost-effective counsel to clients in numerous industries. They serve as business advisors and advocates for a wide range of public and private companies - from entrepreneurial, emerging-growth, and middle market firms to global Fortune 100 corporations - as well as government entities, non-profits, and charitable and cultural organizations.