NKF with GF on automotive business divestment to Nemak
Niederer Kraft Frey advised Georg Fischer (GF) in connection with the divestment and the related carve-out transaction of GF Casting Solutions’ automotive business to Nemak, a Mexico-based company specialising in aluminum lightweighting solutions for the automotive industry.
The context
The divestment encompasses nine production sites across Europe, China, and the US, involving approximately 2,500 employees. The enterprise value sets at USD 336 million, of which USD 160 million to be paid at closing.
Headquarter in Schaffhausen, Switzerland, and listed on the SIX Swiss Exchange, GF is an industrial company specialised in piping systems, building flow solutions and casting solutions.
The NKF team
Transactions partners Philip Spoerlé (pictured left) and Andrea Giger (pictured right) led the NKF team on the matter, with further support from associates Carlotta Ulmer and Lorenzo Henseler as well as partner Ulysses von Salis (all transactions). Moreover partners Thomas Hochstrasser and Lukas Beeler, associate Lukas Mathis (all commercial), partner Nicolas Birkhäuser (antitrust), and partner Fabiano Menghini (real estate) contributed to the effort, as well as partner Thomas Graf, counsel Marc Vogelsang and senior associate Sven Kälin (all tax).
Multi-jurisdictional teams of White & Case in Germany, the US and China, with Stefan Bressler, Gernot Wagner and Rebecca Emory at the lead (all Frankfurt), as well as the teams of Cerha Hempel in Austria and Romania led by Albert Birkner, supported NKF throughout the transaction.
