Frank­furt a. Main — Shear­man & Ster­ling has acqui­red the Joh. Beren­berg, Goss­ler KG (“Beren­berg”) on the finan­cing of the acqui­si­tion of Novo­press KG by ZHG Zangen Holding GmbH. One of the sellers was Deut­sche Betei­li­gungs AG. The parties have agreed not to disc­lose details of the transaction.

Novo­press, foun­ded in 1969 and head­quar­te­red in Neuss, Germany, is a leading manu­fac­tu­rer of elec­tro­me­cha­ni­cal pres­sing tools used by heating and plum­bing contrac­tors to join copper, stain­less steel or plas­tic pipes. The pres­sing tech­ni­que is tech­no­lo­gi­cally and cost-wise supe­rior to other pipe joining tech­ni­ques such as welding or bolting. Through contin­ued high invest­ment in rese­arch and equip­ment deve­lo­p­ment, Novo­press has succee­ded in achie­ving a tech­no­lo­gi­cally leading market posi­tion and conti­nuously expan­ding it.

With its Wealth and Asset Manage­ment, Invest­ment Banking and Corpo­rate Banking divi­si­ons, Beren­berg is one of Europe’s leading private banks. From its head­quar­ters in Hamburg, Beren­berg has built up a strong presence in the finan­cial centers of Frank­furt, London and New York in recent years and is repre­sen­ted by around 1,600 employees in 15 loca­ti­ons in Europe and America.

The Shear­man & Ster­ling team included part­ner Winfried M. Carli and asso­cia­tes Andreas Breu and Martina Buller (all Germany-Finance).

About Shear­man & Sterling:
Shear­man & Ster­ling is an inter­na­tio­nal law firm with 23 offices in 14 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.