Lawyers from Noerr’s Warsaw office have joined with colleagues in the firm’s Berlin and Frankfurt offices in advising SAF-Holland S.A. on its takeover bid for the listed Swedish Haldex Group. The cash bid values the company at around EUR 442 million. The Vinge firm advised SAF-Holland on Swedish law.
Haldex AB is a provider of brake systems and air suspension modules for commercial vehicles. According to Noerr, “the proposed acquisition gives the SAF-Holland Group the opportunity to establish an integrated group for commercial vehicle chassis components.”
In late 2015, Noerr advised SAF-Holland on taking out a Promisory Notes Loan for EUR 200 million and has assisted the company in other capital market transactions in the past. The firm’s team on the takeover bid financing was led by Frankfurt Partners Holger Alfes and Stephan Schulz. Other Noerr members on the team included, from Frankfurt, Partners Nikolai Warneke and Torsten Wehrhahn and Associates Christian Schutzler, Fabian Hohl, Dominik Kloka, and Christian Hinzmann, from Berlin, Partners Kathrin Westermann and Peter Stauber and Associate Franziska Wagner and Pascal Schumacher, and from Warsaw, lawyers Arkadiusz Ruminski, Marta Smolarz, Klaudyna Lichnowska, and Marta Borowska.
The Vinge team consisted of Erik Sjoman, Anders Strid, and Jo-Anna Nordstrom.
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