Gleiss Lutz has been advising OUTSOURCING Inc. on the acquisition of Orizon Holding GmbH, Germany from the private investment firm Silverfleet Capital Partners. OUTSOURCING will acquire 100% of the shares in Orizon Holding through its subsidiary OSI Holding Germany GmbH. Closing is expected to occur in early 2017.
OUTSOURCING is a Japanese provider of engineering, manufacturing and overseas outsourcing services, headquartered in Tokyo. The core business is designated to improve production efficiency of manufacturing firms. The transaction is part of OUTSOURCING’s medium-term strategy to grow internationally and to become more independent from the individual volatile outsourcing business. As part of this strategy, OUTSOURCING plans to further expand into sectors with more stable economic cycles as well as into the German staffing market.
Orizon Holding is one of the largest staffing companies in Germany focusing on the mid-sized segment and is particularly strong in the mechanical engineering, aviation and medical sectors.
The Gleiss Lutz team headed by Dr. Michael Burian (lead, partner, corporate/M&A, Stuttgart) included the following lawyers: Dr. Axel Kuhlmann (Hamburg), Dr. Maike Sauter (Stuttgart) (both core team, corporate/M&A), Dr. Adrian Bingel (partner), Anselm Christiansen, Christopher Vogl, Simon Dewes, Dr. Jan Stenger (all corporate/M&A, Stuttgart), Dr. Eva Reudelhuber (partner), Teresa Baldwin (both banking and finance, Frankfurt), Dr. Stefan Mayer (partner), Thorsten Glombik (both tax, Frankfurt), Dr. Jens Günther (partner, employment, Munich), Dr. Alexander Molle (counsel), Matthias Schilde (both IP/IT, Berlin), Dr. Philipp Naab (counsel), Dr. Claudia-Maria Wirth (both real estate, Frankfurt).
Gleiss Lutz has a well-established Japan Practice which frequently advises Japanese companies on acquisitions in Germany. Most recently, Gleiss Lutz advised Konica Minolta on the acquisition of listed MOBOTIX AG and Showa Denko on the acquisition of the graphite electrodes business of the SGL Carbon Group.
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