Muehlhan AG, a listed company, has sold its European and U.S. operations and the “Muehlhan" brand to a subsidiary of U.S. private equity investor One Equity Partners.
The sale includes the Muehlhan companies in Germany, Denmark, France, Cyprus/Greece, Poland, Romania, Bulgaria, Norway, the Netherlands and the U.S., as well as their respective subsidiaries and branch offices. With a workforce of some 1,700, these companies generated a combined turnover of EUR 191 million in 2021. The transaction is expected to close in the first quarter of 2023; it is subject to the customary market conditions, in particular regulatory clearances and approval by the company's annual general meeting.
Headquartered in Hamburg, Germany, Muehlhan offers a wide range of industrial services for its core markets of wind energy, marine, oil & gas, and infrastructure, including wind energy services, surface protection, steel services, passive fire protection, scaffolding and insulation.
Gleiss Lutz advised Muehlhan's executive board on all the corporate and capital market law issues around the transaction. Gleiss Lutz will also support the company with the organisation of its extraordinary general meeting and provide corporate and capital markets advice on the completion of the transaction.
The following Gleiss Lutz team is acting for Muehlhan: Martin Hitzer (partner, Corporate, lead), Dr Thomas Menke (partner, M&A), Dr Matthias Gärtner (counsel, all Düsseldorf), Dr Markus Martin (counsel, Stuttgart), Katharina Bein (all Corporate), Dr Reimund Marc von der Höh (M&A), Dr Charlotte Evers (Corporate, all Düsseldorf).
Forward
