Freshfields advises Busch group on the conclusion of a domination agreement with Pfeiffer Vacuum and financing

Global regulation organization Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Pangea GmbH (portion of the Busch group) on the summary of a domination and revenue and loss transfer arrangement with stock detailed Pfeiffer Vacuum Technological know-how AG (‘Pfeiffer Vacuum’) and on a refinancing of the Busch group.

On 14 March 2023, Pangea GmbH, a 100 for every cent subsidiary of Busch SE, entered into a domination and profit and loss transfer agreement with Pfeiffer Vacuum Technological innovation AG. The arrangement provides for a compensation in the amount of €133.07 for every Pfeiffer Vacuum share, so that the overall volume of the compensation (incl. charges) could amount of money up to approx. EUR €500 million. Pfeiffer Vacuum Technological know-how AG is a globally top service provider of vacuum methods and is listed in the SDAX inventory industry index. It has a marketplace capitalization of approx. €1.6 billion. Pangea GmbH at this time holds close to 63.66% of the shares in Pfeiffer Vacuum Know-how AG. The domination and revenue and loss transfer agreement will be submitted for approval to the Once-a-year Basic Conference of Pfeiffer Vacuum Technological innovation AG which is scheduled for 2 May perhaps 2023.

In this context, Freshfields also encouraged the Busch team on its refinancing and the conclusion of a syndicated mortgage settlement. The funding is offered by a syndicate of 6 banking companies.

The Freshfields crew was led by Company Spouse Christoph H Seibt (Hamburg) and furthermore by Company Associate Sabrina Kulenkamp (Frankfurt). The team also comprised Companion Mario Hüther (Finance, Frankfurt), Associate Alexander Schwahn (Tax, Hamburg), Principal Affiliate Justus Anacker, Affiliate Jan-Willem Koldehofe and Associate Maximilian Berenbrok (all Corporate, Hamburg), Counsel Alexander Pospisil and Affiliate Lucas Lengersdorf (both Finance, Frankfurt) and Associate Friedrich-Asmus Matzen (Tax, Hamburg).

Groups around Freshfields Husband or wife Seibt encouraged the Busch team by now in relationship with the voluntary community takeover present of Pangea GmbH in relation to the shares of Pfeiffer Vacuum Know-how AG in April 2017 and, subsequently, on the conclusion of a relationship settlement in May well 2019.