Shearman & Sterling advised PINOVA Capital on the financing of the acquisition of Deurowood Produktions GmbH as part of a company spin-off from the Deurotech Group.
Deurowood, headquartered in Hard, Austria, is a leading global manufacturer of hardeners, catalysts and additives for wood processing, laminating and furniture, as well as for the fiber composites industries. Since its establishment in 2003, Deurowood has acquired a leading position in all essential markets through professional expertise, renowned customer service and constant product innovation.
PINOVA Capital is a Munich-based, independent investment firm focusing on equity capital investments in innovative mid-market companies with strong growth. Shearman & Sterling has regularly advised PINOVA Capital on financing matters, including the acquisition financing for Utimaco, Human Solutions and WEETECH.