Frankfurt a. M. — Shearman & Sterling advised PINOVA Capital on the financing of the acquisition of Sauter Fed ern GmbH (“Sauter Federn”), a leading manufacturer of technical springs.
Sauter Federn, headquartered in Furtwangen, Germany, has specialized in the development and manufacture of customized spring solutions for more than 80 years.
PINOVA Capital is a Munich-based, independent investment company for equity financing of fast-growing, innovative medium-sized companies in German-speaking countries. Shearman & Sterling has regularly advised PINOVA Capital on financing matters in the past, including the financing of the acquisition of Utimaco, Human Solutions, Deurowood and WEETECH.
About PINOVA Capital
PINOVA covers the entire equity spectrum from growth capital to succession solutions in the context of majority or minority shareholdings. With two funds, around €300 million in financingis available for corporate investments, provided by institutional investors with a long-term investment horizon.
About Shearman & Sterling
Shearman & Sterling is an international law firm with 22 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling is represented at the Frankfurt office. The firm is one of the international market leaders in advising on complex cross-border transactions. Worldwide, Shearman & Sterling primarily advises international corporations and large national companies, financial institutions, and large mid-sized companies. For more information, visit www.shearman.com.