NKF with GF in automotive business divestment to Nemak
NKF advised Georg Fischer (GF), as the Swiss industrial company completed the divestment of GF Casting Solutions’ automotive business to Mexican-based Nemak . The divestment included all automotive activities of GF Casting Solutions.
The transaction enterprise value amounts to USD 336 million, of which USD 216 million was paid at closing. The remaining amount consists of instalments totalling USD 188 million over a five-year period until early 2031 and the assumption of potential operating and financial liabilities by Nemak.
The advisors
Transactions partners Philip Spoerlé (pictured left) and Andrea Giger (pictured right) co-led the NKF team on the matter. The firm lineup further included associates Carlotta Ulmer, Lorenzo Henseler, Peter-Conradin Schreiber and Norina Frey and partner Ulysses von Salis (all transactions), partners Thomas Hochstrasser and Lukas Beeler and associate Lukas Mathis (all commercial), partner Nicolas Birkhäuser (antitrust), partner Fabiano Menghini (real estate), as well as partner Thomas Graf, counsel Marc Vogelsang and senior associate Sven Kälin (all tax). NKF was supported by multi-jurisdictional teams of White & Case in Germany, the US and China led by Stefan Bressler, Gernot Wagner and Rebecca Emory (all frankfurt) and the teams of Cerha Hempel in Austria and Romania led by Albert Birkner.
