Global law firm White & Case LLP has advised German SME investor Halder on the acquisition of PRAE-TURBO GmbH & Co. KG through a management buyout.
The sellers are Dr. Jung Technologiegruppe and co-founder Reiner Wahlers. White & Case has previously advised Halder on a number of other acquisitions.
PRAE-TURBO was founded in 2003 and has its registered office in Schwanewede. It focuses on machining compressor wheels for automotive turbochargers. In 2014, the company generated sales of €53.9 million.
The White & Case team in Frankfurt which advised on the transaction included partners Andreas Stilcken, Dr. Stefan Koch and Dr. Bodo Bender, local partner Carola Glasauer and associates Katharina Thumeyer, Ingrid Knollmeyer and Andreas Kössel. They were supported, from the White & Case office in Paris, partner Alexandre Jaurett and associate Guilain Hippolyte.
For more information please speak to your local media contact.