Fidelium Partners Buys a Division From Bosch
Fidelium Partners has acquired Bosch’s Munich-based hydraulic pumps business.
Fidelium Partners has acquired Bosch’s Munich-based hydraulic pumps business. The subsidiary will take on around 900 employees at locations in Germany, the US, China, and Brazil, provided that pending permits have been issued. The parties have agreed not to disclose the purchase price.
According to JUVE information, there were other interested parties in the pump business in addition to Fidelium Partners, including the investment company Deutsche Invest Capital Partners. However, the contract was awarded to Fidelium Partners, who guarantee under the purchase agreement that the German locations will be retained.
Gibson Dunn and Gleiss Lutz served as legal advisors to Bosch on the sale, while ARQIS advised Deutsche Invest. BUNTSCHECK advised Fidelium Partners on the competition law and merger control aspects of the transaction. The BUNTSCHECK team advising on this matter consisted of Dr Martin Buntscheck (Partner) and Immo Schuler (Associate). Fidelium was also advised by CMS Hasche Sigle. The firm’s team comprised Dr Michael Wangemann, Dr Nina Hartmann, Dr Markus Houses, Dr Andreas Heim;, and Associate Florian Seelig.
Fidelium Partners is a longstanding client of CMS. BUNTSCHECK also regularly advises the holding company on antitrust law transactions.