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HANNOVER Finanz
New York, NY, January 28, 2017 --(PR.com)-- BDA Partners is pleased to announce that its client,
MacLean-Fogg Company, a group of global enterprises with customers in the automotive and power
sectors, has agreed to sell 100% of its shareholding in Presswerk Krefeld ("PWK"), a German provider of
high-tech-linkage and suspension components for the auto industry, to HANNOVER Finanz Group and
PWK management.
Transaction terms were not disclosed. BDA acted as exclusive financial advisor to MacLean-Fogg.
The transaction was complex, involving three different deals: PWK's acquisition of Gebrder Kunze
GmbH and IBEX Automotive GmbH from insolvency, as well the sale of PWK, within a demanding time
frame. The sale is subject to customary antitrust approval and is expected to close in Q1 2017.
The new entity, PWK Automotive, will have 900 employees and approximately 160m annual revenues.
With the newly acquired production locations in Gelenau and Zittau, Saxony, PWK will extend its range
of products and technical capabilities in cold and hot forming and metal-cutting machining.
MacLean-Fogg received legal advice from Mayer Brown, including Dr. Marco Wilhelm (lead, Corporate
& Securities, Frankfurt), Dr. Jens Peter Schmidt (Antitrust, Brussels), Dr. Malte Richter and Stefanie
Skoruppa (both Corporate & Securities, Frankfurt).
Jonathan Aiken, BDA Director, London, said, "The complexity of this transaction demonstrates BDA's
ability to deliver innovative solutions for clients on a global basis. We're proud to have helped achieve a
solution that benefits our client as well as the management and employees of PWK."
Euan Rellie, BDA Co-Founder, New York, said, "MacLean-Fogg has created significant value at PWK.
BDA was pleased to help all the shareholders position themselves for the next stage of growth. BDA
works seamlessly, across different borders and cultures, worldwide."
BDA Deal Team
Euan Rellie, Senior Managing Director, New York
Jonathan Aiken, Director, London
Jakub Widzyk, Associate, London
About MacLean-Fogg Company
Founded in 1925, today MacLean-Fogg is a global enterprise with 40 global manufacturing facilities,
annual sales in excess of $1 billion, and a worldwide workforce of more than 4,000 people.
MacLean-Fogg is a privately held enterprise headquartered in Mundelein, IL USA. MacLean-Fogg is
comprised of two primary businesses, MacLean-Fogg Component Solutions and MacLean Power
Systems. www.macleanfogg.com
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Contact Information:
BDA Partners
Euan Rellie
212-265-5300
Contact via Email
www.bdapartners.com
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