White & Case Advises Cifin s.r.l. on Acquisition of elumatec Group
Global law firm White & Case LLP has advised Cifin s.r.l., the holding company of the Emmegi Group, on its acquisition of elumatec AG.
The Italian Emmegi Group, a leader in the design, manufacture and sale of machining systems for aluminium profiles, light alloy, PVC and iron, has signed an agreement for the purchase of the German elumatec Group, a leading supplier of profile machining for a wide variety of different requirements and materials.
The acquisition will create the most important group in the sector of technologies for processing profiles made of aluminum, PVC and light alloys. Emmegi and elumatec will be 100 percent controlled by the holding company Cifin, with a combined workforce of around 1,200 and total turnover of approximately €225 million. With six manufacturing plants – five in Europe and one in Asia – they will operate globally through 52 companies spanning production, sales and service activities.
The White & Case team which advised on the transaction was led by partners Andreas Stilcken (Frankfurt), Ferigo Foscari (Milan), Iacopo Canino (Milan) and Riaz Janjuah (Hamburg) and included local partners Markus Stephanblome and Rostyslav Telyatnykov (both Frankfurt) and associates Ksenia Tyunik (Moscow), Sylvia Lorenz (Hamburg), Alexia Marie Mordacq (Milan), Andreas Kössel (Frankfurt), Jan Ole Eichstädt (Frankfurt) and Christine Schneemann, (Frankfurt).
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