P+P advises Kaimann on sale to Saint-Gobain
The French Saint-Gobain Group ("Saint-Gobain") is headquartered in Paris and has locations in 67 countries. Saint-Gobain has acquired 100% of the shares in Kaimann GmbH. The transaction is still subject to approval by antitrust authorities.
The family-owned company Kaimann GmbH was founded in 1959 in Hövelhof/East Westphalia and is now an established international manufacturer and developer of modern technologies in elastomer insulation materials, in particular for the technical insulation of pipe systems for construction and industry. The insulation products are primarily used in ventilation and air conditioning systems and heating, plumbing and cooling systems. The company has 320 employees and generated turnover of EUR 70 m in 2017.
Saint-Gobain designs, produces and markets materials and solutions for the construction industry, transportation, infrastructure projects and other industrial applications. Saint-Gobain employs more than 179,000 people and generated turnover of EUR 40.8 b in 2017.
P+P Pöllath + Partners advised the shareholder of Kaimann GmbH on all legal and tax matters within the scope of the transaction with the following team:
- Margot Gräfin von Westerholt (of counsel, lead M&A, IP, Munich)
- Dr. Tim Kaufhold (counsel, M&A, Munich)
- Dr. Nico Fischer (partner, tax law, Munich)
- Dr. Verena Stenzel (senior associate, M&A, Munich)
- Daniel Wiedmann (counsel, antitrust law, Frankfurt)
- Dr. Matthias Werner (counsel, real estate law, Berlin)
- Matthias Oberbauer (associate, M&A, Munich)
