Law Firms Anagram, K&L Gates, and Eversheds facilitate $310 million acquisition of Hubergroup
In a significant move, Hubergroup, a leading international printing inks and chemicals specialist headquartered in Germany, has been acquired for $310 million by Avenue Capital Group and MAVCO Investments. The deal, which sees the consortium acquire all shares from the current owner, Cornelius Treuhand Holding, is set to accelerate Hubergroup's growth in key international markets.
The complex transaction was advised by a team of legal experts from multiple firms. The multi-office K&L Gates team, led by partners Matthias Grund and Volker Gattringer, represented Avenue Capital Group and Anagram Partners for both Avenue and MAVCO Investments. The K&L Gates team included counsel Angelika Bartholomäi, among others.
Anagram Partners, a Mumbai-based private equity firm, was represented by their own team, led by partners Rajesh Simhan, Simone Reis, and Faraz Khan. The Anagram Partners team included associates such as Anand Unnikrishnan, Sarthak Parnami, Aditya Agarwal, Rishab Chhabaria, and Sakshi Agarwal.
On the other side of the deal, Eversheds Sutherland represented Hubergroup's shareholders. The Eversheds Sutherland team was led by corporate partner Steffen Schniepp and included partners Anthony Cross (corporate), Daniel von Brevern (antitrust), Daniel Ehret (finance), Anette Gärtner (IP), and Tobias Maier (IT), among others.
MAVCO Investments, a private investment vehicle belonging to select members of India's billionaire Murugappa family, is committed to supporting Hubergroup's growth. Hubergroup's director, MAM Arunachalam (Arun Murugappan), stated that this acquisition marks their strategic entry into global print and packaging solutions and allied products.
The Eversheds Sutherland team also advised Navid Anderson, principal associate Christian Lindner, counsel Marian Wieczorke, and associates Tim Flaeper, Rebecca Flachs-Nóbrega, Doris Perlefein, and Daniel Giese, among others. The K&L Gates team, in addition to partners Matthias Grund and Volker Gattringer, included partners Thomas Lappe, Bastian Bongertz, Annette Mutschler-Siebert, Nils Neumann, Thomas Nietsch, and Rainer Schmitt, among others.
The K&L Gates team also included counsel Marion Baumann and Dr. Ulrike Elteste, senior associate Gabriella Piras, and associates James Schütze, Alexander Rospert, and Leonie Abendroth. However, it should be noted that, according to recent search results, Cyril Amarchand Mangaldas (CAM) is noted as advising Mavco Investments on the joint venture with Avenue for acquiring Hubergroup, with no information provided about the legal advisors for Avenue Capital Group in this context.
This strategic acquisition is expected to bring about significant changes in the global printing inks and chemicals industry, with Hubergroup, Avenue Capital Group, and MAVCO Investments poised to make a strong impact.
The complex law surrounding the acquisition of Hubergroup was navigated by legal experts from multiple firms, with K&L Gates advising Avenue Capital Group, Anagram Partners, and MAVCO Investments on finance and business matters. Additionally, Eversheds Sutherland represented Hubergroup's shareholders, providing legal advice on corporate, antitrust, finance, IP, and IT aspects of the deal.
