Gütersloh/Paderborn/Bielefeld/Detmold — The British company 
Texmo Precis­ion Castings
UK Ltd., based in Shef­field, Great Britain, has acqui­red a majo­rity share­hol­ding in the German family-owned company Fein­guss
Blank
based in Ried­lin­gen, Germany. The merger has crea­ted a leading global invest­ment casting company under the new Texmo Blank brand. Texmo Blank’s custo­mers are leading compa­nies from the auto­mo­tive, indus­trial, aero­space and medi­cal sectors.

The tran­sac­tion was carried out by way of a share deal. The parties have agreed not to disc­lose the purchase price. BRANDI Rechts­an­wälte advi­ses Texmo Precis­ion Castings on merger with Blank Group.

Texmo Precis­ion Castings is part of the Texmo Group, which was foun­ded in 1956. The core busi­ness at the time was the manu­fac­ture of water pumps and elec­tric motors. With the acqui­si­tion of the majo­rity share­hol­ding, Texmo Blank now has produc­tion faci­li­ties in the USA, Germany, Roma­nia and India with a total of 1710 employees and an annual turno­ver of around 125 million US dollars. Texmo Precis­ion Castings is the only commer­cial foundry in the world with faci­li­ties in Asia, Europe and the USA for the produc­tion of invest­ment castings.

The Blank Group goes back to the foun­ding of a commer­cial agency for tools and machine tools in Ried­lin­gen in 1950 by Wilhelm Blank. The company has grown conti­nuously since it was founded.

Texmo Precis­ion Castings was advi­sed on the tran­sac­tion by an inter­na­tio­nal team. In Germany, a cross-loca­tion M&A team from the law firm 
BRANDI Attor­neys at Law 
under the leader­ship of Güters­loh partner 
Dr. Cars­ten Christophery
was active. BRANDI hand­led the mandate toge­ther with the Swiss member of the inter­na­tio­nal law firm network Pangea.net, Probst Part­ner AG. 
Probst Part­ner AG
from Winter­thur, under the leader­ship of partner 
Franz Probst
. Browne Jacob­son the PANGEA.net member in the UK and Ireland, led by part­ner Richard Cox, provi­ded legal support on the English law aspects of the tran­sac­tion. Probst Part­ner, BRANDI and Browne Jacob­son have been working closely toge­ther for many years as members of the law firm network PANGEA.net. Lawy­ers from the Roma­nian law firm Stra­tu­lat Albu­lescu were also involved.

Probst Part­ner AG, Winter­thur, Switzerland
Franz Probst, Part­ner (Lead Part­ner, Corporate/M&A)
Dr. Oliver Frit­schi, Part­ner (Corporate/M&A)
Thomas Würs­ten, Part­ner (Tax Law)
Roy Levy, Part­ner (Labor Law)
Alex­an­dra Williams-Winter, Asso­ciate (Corporate/M&A)

Browne Jacob­son LLP, London
Richard Cox, Part­ner (Corporate/M&A)

Jacobson
the Pangea.net member in the UK and Ireland, led by part­ner Richard Cox, provi­ded legal support on the English law aspects of the tran­sac­tion. Probst Part­ner, BRANDI and Browne Jacob­son have been working closely toge­ther for many years as members of the law firm network Pnagea.net. Lawy­ers from the Roma­nian law firm Stra­tu­lat Albu­lescu were also involved.

Due to the inter­na­tio­nal posi­tio­ning of the parties, various juris­dic­tions were invol­ved in this tran­sac­tion — the indi­vi­dual work­streams were coor­di­na­ted from Germany and Switz­er­land. In addi­tion, inten­sive coor­di­na­tion with the finan­cing banks was required.

BRANDI advi­sed Texmo Precis­ion Castings on the struc­ture and coor­di­na­tion of the tran­sac­tion and on the legal due dili­gence, the nego­tia­tion of the various tran­sac­tion docu­ments under German law and the closing.

The law firm Solu­tio Schnei­der Rechts­an­walts­ge­sell­schaft mbH from Biber­ach acted for the BLANK-Group.

Advi­sor Texmo Precis­ion Castings: BRANDI Rechts­an­wälte Gütersloh/ Paderborn/ Bielefeld/ Detmold

Dr. Cars­ten Chris­to­phery, Part­ner (lead, Corporate/M&A), Gütersloh
Eva-Maria Gott­schalk, Part­ner (Corporate/M&A), Gütersloh
Dr. Sandra Vyas, Part­ner (Employ­ment Law), Paderborn
Björn Mai, Part­ner (Employ­ment Law), Detmold
Dr. Rüdi­ger Osten, Part­ner (Commer­cial), Detmold
Dr. Chris­toph Rempe, Part­ner (IP/IT, Anti­trust Law), Bielefeld
Jannis Riedl, Asso­ciate (Corporate/M&A), Gütersloh
Dr. Dennis Piel­sti­cker, Asso­ciate (Commer­cial Tenancy Law), Bielefeld
Chris­tian Rödding, Asso­ciate, (Commer­cial), Detmold

Probst Part­ner AG, Winter­thur, Switzerland
Franz Probst, Part­ner (Lead Part­ner, Corporate/M&A)
Dr. Oliver Frit­schi, Part­ner (Corporate/M&A)
Thomas Würs­ten, Part­ner (Tax Law)
Roy Levy, Part­ner (Labor Law)
Alex­an­dra Williams-Winter, Asso­ciate (Corporate/M&A)

Browne Jacob­son LLP, London
Richard Cox, Part­ner (Corporate/M&A)

HLB Stück­mann, Biele­feld (Tax and Financial)
Miriam Roll, Part­ner (Finan­cial Due Diligence)
Dr. Andreas Börger, Part­ner (Tax Due Diligence)
Prof. Dr. Dana Doege, Mana­ger (Finan­cial Due Diligence)
Florian Weeg, Mana­ger (Tax Due Diligence)

Stra­tu­lat Albu­lescu, Bucha­rest, Romania
Silviu Stra­tu­lat, Part­ner (Corporate/M&A)
Ana Kusak, Part­ner (Foreign Trade Law Romania)
Tudor Ciam­bur, Part­ner (Commer­cial Tenancy Law)
Amanda Csaki, Senior Asso­ciate (Corporate/M&A)

ROCAN, Düssel­dorf
Dr. Timo Anger­bauer, Part­ner (Foreign Trade Law Germany)
Paul Dröß­ler, Part­ner (Foreign Trade Law Germany)

Advi­sor BLANK-Group: Solu­tio Schnei­der Rechts­an­walts­ge­sell­schaft mbH, Biberach
Armin Schnei­der, Part­ner (Lead Part­ner Corporate/M&A)
Manuel Kemp­ter, Asso­ciate (Corporate/M&A)

Crone Consul­tancy, Wachenheim
WP / StB Prof. Andreas Crone (Corporate/M&A, Tax Law)

About BRANDI Attor­neys at Law

BRANDI Rechts­an­wälte is one of the leading medium-sized commer­cial law firms in West­pha­lia and Hano­ver with offices in Biele­feld, Detmold, Güters­loh, Hano­ver, Pader­born and Minden as well as coope­ra­tion offices in Paris and Beijing. Over 100 lawy­ers, 26 of whom are also nota­ries, advise compa­nies in all areas of natio­nal and inter­na­tio­nal commer­cial law and public law. BRANDI is a member of the inter­na­tio­nal network PANGEA NET. 
www.brandi.net
.