Type: EME Market Commentary, News Releases
Global law firm Reed Smith has advised Eastern Horizon on the acquisition of ES Automobilguss GmbH.
Eastern Horizon is the principal investment arm of Prevent, which has a long track record of success in the automotive industry both in building businesses organically and partnering with business owners to build businesses. Prevent traces its roots to 1952 when the group was founded and has made numerous acquisitions since, growing to a company employing more than 15,000 people worldwide.
ES Automobilguss GmbH is a metal castings company located in Schönheide, Germany, supplying key components for gears. The acquisition will help Prevent Group to expand its range with a new component.
Reed Smith advised Eastern Horizon with an integrated team on all aspects of the acquisition, including corporate, tax, labour and employment, and merger control law. The team was led out of Frankfurt by corporate partners Rolf Hünermann and Dr Octávio de Sousa and included finance partner Dirk-Peter Flor in Frankfurt, tax partner Thomas Gierath and labour and employment partner Dr Marc H. Spielberger in Munich, as well as associates Maximilian Santüns and Marc Bäumer in Frankfurt.
Reed Smith Frankfurt partners Rolf Hünermann and Dr Octávio de Sousa commented: “We were delighted to work with Eastern Horizon and Prevent to support their expansion plans in the automotive industry. This is the first transaction we have closed as an integrated German team since opening our Frankfurt office in June, and so this deal is very important to us.”
About Reed Smith
Reed Smith is a global relationship law firm with more than 1,800 lawyers in 26 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses, from Fortune 100 corporations to mid-market and emerging enterprises. Its lawyers provide litigation and other dispute resolution services in multi-jurisdictional and other high-stakes matters; deliver regulatory counsel; and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising, entertainment and media, shipping and transport, energy and natural resources, real estate, manufacturing and technology, and education. For more information, visit reedsmith.com.
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