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20 January 20232 minute read

DLA Piper advises Capvis on the acquisition of a majority stake in Schurter Group

DLA Piper has advised Swiss investor Capvis on a majority investment in Lucerne-based Schurter Holding AG and its worldwide subsidiaries (Schurter Group). Capvis will support Schurter Group's management team in the further development of the group's business, while the founding family and current owners will retain an interest in Schurter Group. The transaction is expected to be completed in spring 2023, following the necessary regulatory approval processes.

Schurter Group is a leading developer and manufacturer of electronic components for clean and safe low voltage power supply. The group operates in 17 countries through 20 subsidiaries and generated sales of approx. CHF 330 million in the 2022 financial year.

Swiss private equity investor Capvis specialises in majority investments in leading mid-sized companies in Switzerland, Germany, Austria and Italy. Since 1990, Capvis has completed 62 transactions with a total invested capital of approx. EUR 4 billion.

Capvis relied on Niederer Kraft Frey in Switzerland and DLA Piper for the transaction. DLA Piper was responsible for providing comprehensive advice and performing due diligence in more than 15 jurisdictions, various transaction aspects and all regulatory aspects of the transaction, including antitrust clearances and issues relating to investment control requirements in various jurisdictions involved.

The DLA Piper team was led by counsel Dr Isaschar Nicolaysen and partner Dr Benjamin Parameswaran with senior associates Sophie von Mandelsloh and Jan Schürmann in the core team (all Corporate/M&A, Hamburg). Regulatory aspects were handled by partner Dr Justus Herrlinger and associate Louisa Arlette Maier-Witt (both Antitrust, Hamburg). The wider team in Germany included partners Dr Henriette Norda (Employment, Hamburg), Dr Burkhard Führmeyer (IPT, Frankfurt), Dr Thilo von Bodungen (Commercial, Munich), Dr. Florian Biesalski (Real Estate, Frankfurt), Verena Grentzenberg (Data Protection, Hamburg), senior associates Anne-Kathrin Hoppe (Corporate/M&A), Dr Katharina Fischer (Employment, both Hamburg), Eike Bodo Matthes (IPT), Alexander Lamers (Real Estate, both Frankfurt) and associate Philipp Schmechel (Data Protection, Hamburg).

In addition, various international DLA Piper offices in Vienna, Prague, Paris, Budapest, Milan, Amsterdam, Warsaw, Bucharest, Stockholm, Leeds, Shanghai, Hong Kong, Singapore and the US supported by more teams in Brazil and India advised on this transaction, highlighting DLA Piper's expertise as a global team.