Jeantet advises Mutares on the acquisition of Primetals Technologies France SAS

 

Paris, 5th February 2021 – Jeantet advised the German holding company Mutares SE & Co. KGaA, listed on the Frankfurt Stock Exchange, on its submission of a binding offer for the acquisition of the entire share capital of Primetals Technologies France SAS from Primetals Technologies Ltd.

The employee representative bodies of Primetals Technologies France SAS are currently consulted on the contemplated transaction. The transaction is also subject to certain conditions and notably the approval by the relevant antitrust authorities. The parties expect to finalize the transaction in the first quarter of 2021.

Primetals Technologies France SAS is a leading global supplier of high-end steel processing line solutions based in Savigneux, France. It provides specialized engineering and plant construction services for a global customer base and is well known for its market-leading technology and manufacturing capabilities. In 2019 the company generated revenues of approximately EUR 55 million and employed some 300 staff.

The acquisition of Primetals Technologies France SAS would enable Mutares to strengthen its presence in the Engineering & Technology segment.

Jeantet’s team was led by Michael Samol (Counsel, Corporate/M&A) and included Robert d’Orglandes (Associate, Corporate/M&A). Both are part of Jeantet’s German speaking International Transaction Team headed by Karl Hepp de Sevelinges.

Mutares’ in-house team in charge of the transaction included Angelique Schraud (legal) and Denis Ahluwalia (tax).

White & Case LLP advised Primetals Technologies Ltd with Hugues Mathez (Partner, Corporate/M&A), Elisabeth Sandret-Renard (Senior associate, Corporate/M&A), Emmanuel Chevignon (Associate, Corporate/M&A), Valérie Ménard (Partner, ECB) and Cécilia Grosjean (Associate, ECB).

 

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