June.07.2016
An Orrick team in Düsseldorf advised HELLA in the sale of Special Applications, which comprises two business units: HELLA Industries and HELLA Airport Lighting. Both segments were sold separately to two different purchasers.
HELLA Industries was sold to Wünsche Group, a service provider and trading company, operating in the fields of food, textiles and clothing, consumer electronics, hard goods, e-commerce and services. The transaction with Wünsche Group is still subject to the condition precedent of the approval of the German Federal Cartel Office.
HELLA Industries focuses on intelligent and high-performance products for street lighting and lighting for industrial environments, particularly for production facilities or multistory parking garages, public outdoor spaces, supermarkets and gas stations.
HELLA Lighting Airport was sold to TKH Group, which specializes in the development and delivery of systems and networks for the provision of information, telecommunication, electrotechnical engineering and industrial production. TKH and HELLA have already cooperated in the past.
HELLA Lighting Airport specializes in innovative concepts particularly in the area of LED airfield lighting. The sale of HELLA Airport Lighting also included the sale of the Danish HELLA Induperm. HELLA Induperm has provided, among others, regional and international airports around the world with equipment.
HELLA is a global, family-owned company listed on the stock exchange that employs some 32,000 members of staff at over 100 locations in more than 35 countries.The HELLA Group specializes in innovative lighting systems and automotive electronics and is as a technology leader for over a hundred years an important partner of the automotive industry. With sales of around 5.8 billion Euros in fiscal year 2014/2015, the HELLA Group is one of the top 40 automotive parts suppliers in the world and one of the 100 largest German industrial companies.
HELLA is a longtime client of Orrick. In 2007, Dr. Oliver Duys advised HELLA on the sale of the Holger Christiansen Group to Bosch.
The Orrick team advising HELLA in these transactions was led by Dr. Oliver Duys (Partner, M&A/Private Equity) with support from Dr. Till Steinvorth (Partner, Competition and Antitrust), Dr. Stefan Schultes-Schnitzlein (Partner, Tax), Dr. Nikita Tkatchenko (Counsel, M&A/Private Equity), Julia Overhage and Christoph Wenderoth (Associates, M&A/Private Equity). The transaction was led in-house by Nadja Hanuschkiewitz of HELLA's legal department.