Phönix, based in Volkmarsen, Germany, is a leading manufacturer of high-quality valves for chemical, petrochemical, nuclear and conventional power plants as well as the oil & gas industry.
Liberta Partners, a Munich based multi-family holding, acquired the shares from Curtiss-Wright as part of a corporate carve-out after a strategic decision of Curtiss-Wright to focus on defence.
The Reed Smith team advising on the transaction was led by Munich Global Corporate Group partner Constantin Conrads who successfully negotiated the purchase agreement, London Global Corporate Group partner Peter Teare, and senior associate Rita Gnoth-Novak.
The full Reed Smith team based in Munich, Frankfurt, and London included partners David Ashmore, William Sutton, Martin Bunning, Jan Weissgerber, and Anette Gärtner, senior associate Philipp Bergmann, and associates Heidi Paget-Brown and Friederike Wilde-Detmering.
Earlier this year, Reed Smith also advised Curtiss-Wright in connection with its agreement to acquire the business and assets of Safran Aerosystems Arresting systems.
Curtiss-Wright Corporation is an innovative engineering company that provides highly engineered, critical-function products, systems, and services in the areas of flow control, motion control and surface treatment technologies to the defense, energy and commercial/industrial markets. The legacy company of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of design and manufacturing innovation and prides itself on long-standing customer relationships. The company employs approximately 9,700 people worldwide.
For more information, please visit curtisswright.com.
About Phönix Group
The Phönix Group supplies the chemical industry, refineries, and conventional power plants all over the world with high-quality special valves in all standards (DIN, ANSI, ASME, etc.). Numerous product and system certifications ensure optimal safety and reliability of Phönix valves. Phönix Group is a global technological leader in the field of bellows sealed valves. The product range also includes globe valves, gate valves, control valves, measurement line valves, change-over valves, check valves, screen basket filters, high-pressure valves as well a wide range of special valves such as alkylation valves and safety valves for the aerospace industry. State-of-art processing technology, highly qualified employees, ongoing cooperation with international standards organizations, sales offices in important markets and subsidiaries in France and the USA ensure a high level of customer support.
For more information, please visit cw-valvegroup.com.
About Liberta Partners
Liberta Partners is a multi-family holding based in Munich. Liberta Partners invests in companies predominately based in German-speaking countries with clear operational and strategic development potential, in particular corporate carve-outs and successions. We actively develop our investments within the framework of our long-term “100% Core & Care” concept. Our portfolio companies thus benefit from Liberta Partners’ innovative entrepreneurial experience. The Liberta Partners team consists of professionals covering the areas of M&A, Corporate Development and Legal as well as an active advisory board.
For more information, please visit liberta-partners.com.
About Reed Smith
Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, we deliver smarter, more creative legal services that drive better outcomes for our clients. Our deep industry knowledge, long-standing relationships and collaborative structure make us the go-to partner for complex disputes, transactions, and regulatory matters. Now celebrating more than 140 years of service, our firm spans 30 offices with 3,000 people, including 1,700 lawyers.
For more information, please visit reedsmith.com.