Frankfurt—Global law firm Dentons advised a fund managed by Cross and PINOVA Capital on the acquisition of Rademacher Holding GmbH from Nord Holding and other sellers in the framework of a management buy-out. The parties agreed to keep the purchase price confidential.

Rademacher Group is one of the leading producers of proprietary wireless home automation systems with which for example shutters, blinds and awnings as well as lighting can be controlled via internet access. With approximately 180 staff members at two production locations in Rhede/Westfalen and Dresden, Rademacher achieves a turnover of around €30 million. Besides their house automation system HomePilot, the range of products also includes innovative belt winders, tubular motors, electronic control units, actuators as well as garage door openers.

The Dentons Private Equity Team in Frankfurt, led by Dr. Volker Junghanns and Robert Bastian, comprehensively advised the purchaser on all legal issues in connection with the transaction. In addition to legal due diligence, this also included negotiating the acquisition documents (M&A contracts), the documents regarding the management participation (including shareholders’ agreement) as well as the refinancing of former facilities granted to Rademacher Group in the past.

Advisor Cross
Dentons (Frankfurt): Dr. Volker Junghanns (Counsel), Robert Bastian (Partner, joint leadership, both Corporate/Private Equity), Michael Graf (Partner, Tax), Prof. Dr. Friedrich Toepel (Counsel, Litigation), Thomas Voss (Counsel, Tax), Dr. Ariane Loof (Associate, Employment), Judith Heimbürger (Associate, Corporate/Commercial), Jochen Hörth (Associate, Corporate/Private Equity)

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com