Willkie advised Blantyre Capital in the transaction.
Blantyre Capital Limited, acting as investment manager to its affiliated investment funds ("Blantyre"), announced the acquisition of all assets of Seuffer GmbH & Co. KG and Robert Seuffer GmbH & Co. KG and the shares in Seuffer CZ s.r.o. At the end of 2018, the Seuffer Group became insolvent following failed investments in a new business segment. The acquiring company operates under the name AST (Advanced Sensor Technologies) International and will operate in the market under this name in the future.
AST is a leading manufacturer of sensors, switches and controls for commercial and passenger vehicles, household appliances ("white goods") and other industries. Headquartered in Calw, Germany, its customers include almost all significant OEMs and suppliers.
Blantyre Capital is a London-based investment firm operating across Europe focused on partnering with European companies to relaunch stable business models with temporary financial challenges and reposition them both strategically and operationally.
The Willkie team was led by partner Dr. Axel Wahl and included national partner Dr. Bettina Bokeloh, special European counsel Dr. Moritz Stuart Vettermann, and associates Dr. Erik Göretzlehner, Dr. Manuel Köchel and Alexander Schultheis.