P+P advises Nanogate on the acquisition of a majority stake in plastics specialists Goletz
Nanogate AG acquires 75 percent of the shares in Walter Goletz GmbH. The acquisition expands Nanogate's systems expertise in the development and production of plastic components that are in high demand. Nanogate will thus cover all areas in terms of development and production, as well as the multifunctional enhancement of components. One portion of the purchase price will be paid in Nanogate shares from a capital increase by way of a contribution in kind. Furthermore, the purchase price includes performance-related components that will be paid in several tranches over the coming years. Nanogate will also be able to acquire the outstanding shares as part of this graduated pricing model.
The purchase price was not disclosed; completion of the transaction is expected in summer 2016.
Founded in 1969, Walter Goletz GmbH currently has 130 employees and is headquartered in Kierspe, near the Nanogate subsidiary Vogler (Lüdenscheid, North Rhine-Westphalia). The two existing directors of Goletz will continue to manage the company and Nanogate will appoint an advisory board.
Nanogate AG is a leading international integrated systems provider for high-performance surfaces (ISIN DE000A0JKHC9) that enable the programming and integration of additional properties – e.g. nonstick, scratch-proof and anti-corrosive – into materials and surfaces. The Group is based in Göttelborn (Saarland) and comprises Eurogard B.V., GfO Gesellschaft für Oberflächentechnik AG, Nanogate Industrial Solutions GmbH, Nanogate Textile & Care Systems GmbH, Nanogate Glazing Systems B.V., Vogler GmbH and a majority stake in Plastic-Design GmbH.
P+P Pöllath + Partners advised Nanogate AG on the fourth transaction, for example on the previous acquisition of Vogler GmbH, and is currently advising on all transaction and real estate-related matters with the following interdisciplinary team in all locations:
- Tobias Jäger (lead, counsel, M&A/PE, Munich)
- Dr. Michael Inhester (partner, M&A/PE, Munich)
- Dr. Nico Fischer (counsel, tax, Munich)
- Andreas Kühnert (associate, M&A/PE, Munich)
- Dr. Sebastian Rosentritt (associate, M&A/PE, Munich)
- Dr. Matthias Werner (senior associate, real estate, Berlin)
- Michael Wichert (senior associate, real estate, Berlin)
Ulf Hackenberg (partner), Fabian Batthaus and Alexander Dehmel (both associates) of PPR & Partner Pape Rauh advised the sellers.
