BaFin approves for the first time unpaid equity commitment as a Tier 2 ancillary own-fund item, creating a cash-efficient alternative to group-internal own-fund financing
17 May 2024
MAX Management GmbH, a wholly-owned subsidiary of the finance and investment company MAX Automation SE, today has concluded an agreement with Hitachi, Ltd. on the sale of the MA micro group, consisting of MA micro automation GmbH and its subsidiaries MA Life Science GmbH, Micro Automation LLC and Micro Automation LLP.
The share purchase agreement provides for a purchase price in the range of approximately EUR 71.5 million to EUR 76.5 million, subject to the 2024 performance of the MA micro group. The transaction, subject to various customary conditions, in particular, the granting of merger control approvals, is expected to be closed in the second half-year of 2024.
Hengeler Mueller advises MAX Automation SE comprehensively on the transaction.
Hengeler Mueller team for MAX Automation SE
M&A: Kai-Steffen Scholz (partner), Alexander Bekier (counsel, both lead), Patrick Horwitz (associate, all Berlin),
Antitrust: Sarah Milde (partner, Munich), Caroline Beyersdorf (associate, Dusseldorf),
Tax: Gunther Wagner (partner, Munich), Marius Marx (counsel, Frankfurt),
Employment: Hendrik Bockenheimer (partner), Andreas Kaletsch (associate, both Frankfurt),
Finance: Nikolaus Vieten (partner), Jennifer Ellen Klein (associate, both Frankfurt),
IP/IT: Matthias Berberich (counsel), Kevin Dollerschell (associate, both Berlin),
Regulatory: Kevin Marschhäuser (associate, Berlin).
