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Lovells advised Columbus McKinnon Corporation on the acquisition of Pfaff Beteiligungs GmbH (Pfaff-silberblau) from the EQT Opportunities Fund, members of the Pfaff family and its management. The purchase price is €36 million and the deal is effective from 1 October 2008.
The Germany-based Pfaff-silberblau group is a leading European supplier of lifting, material handling and actuator products. It employs more than 300 people, and is represented worldwide through six international subsidiaries as well as numerous regional representatives, with total revenues of €62 million in 2007.
Columbus McKinnon Corporation, listed on NASDAQ, is a leading worldwide designer, manufacturer and marketer of material handling products, systems and services.
The Lovells team was led by Frankfurt corporate partner Dr. Patrick Kaffiné, with assistance from senior associate Dr. Ina Berg-Winters and associates Dr. Christiane Gans and Stephan Doom (all corporate, Frankfurt); partners Dr. Patrick Ayad (commercial, Munich), Dr. Christian Bahr (competition & EU, Düsseldorf) and Dr. Stephan Geibel (tax, Munich), counsel Dr. Falk Loose (tax, Munich), consultant Dr. Thilo von Bodungen (commercial, Munich), senior associate Dr. Nils Rauer (IP, Frankfurt), and associates Dr. Helen Ghebrewebet and Dr. Lorenz Zabel (both real estate, Frankfurt), David Jüntgen (competition & EU, Düsseldorf), Silke Hesse (corporate commercial, Munich), Klaas van Geijn, Roderik van Putten and Peter Stokking (all corporate, Amsterdam), Nick Palmer (corporate, London) and Dorota Kosela (corporate, Warsaw).