Orrick Advises New Materials Industry Fund on Acquisition of Controlling Stake in COTESA


Deutsch: Orrick berät neuen Werkstoff-Fonds bei Kontrollbeteiligung an COTESA
中文: 奥睿协助新材料产业基金成功收购COTESA

An Orrick team in Germany has advised a new materials industry fund, co-managed by QFAT Investment and ICP Integrity Capital Partners, on its acquisition of a controlling stake in COTESA, a leading German manufacturer of fiber composite parts for aviation and automotive engineering.

Advanced Technology & Materials Co., Ltd., a Chinese tech company focusing on innovative metal-based products, is the anchor investor of the fund and will assist COTESA in expanding its production and sales operations to the Chinese market. Headquartered in Beijing, Advanced Technology & Materials Co., Ltd. generated sales of more than $600 million in the past fiscal year with some 6,600 employees.

The transaction is part of a bidding process and remains subject to approval from the competition authorities. Financial details have not been disclosed.

The consortium was advised by an Orrick team led by M&A and Private Equity partner Wilhelm Nolting-Hauff and M&A and Private Equity counsel Christoph Rödter. The team also included foreign counsel Hang Xu (M&A and Private Equity), partners Stefan Schultes-Schnitzlein (Tax), André Zimmermann (Employment Law), Till Steinvorth (Antitrust) and Christian Schröder (IP/IT Data Privacy), counsel Felix Schäfer (Real Estate) and associates Julian Dirksen (M&A and Private Equity), Markus Piontek (Tax), Louisa Kallhoff (Employment Law), and Sophie Ratzke (IP/IT Data Privacy).

Update: for our subsequent foreign trade law advice related to this transactions please click here.