Shearman And Sterling

News August 24, 2020

DBAG’S Reorganization of Pfaudler Group

Shearman & Sterling advised DBAG Fund VI and Deutsche Beteiligungs AG (DBAG) on the reorganization of Pfaudler Group (Pfaudler). GMM Pfaudler Ltd. (GMM), the listed Indian subsidiary, and GMM’s second-largest shareholder, the Patel family, will acquire 80% of Pfaudler’s European and American core business. DBAG and DBAG Fund VI will retain a 20% stake in Pfaudler Group. The transaction will clear the path towards closer global cooperation between the two companies.

Closing of the transaction is subject to various conditions and is expected to be in several months.

Pfaudler is a world-leading company for process solutions, technologies and services. The company develops, produces, installs and services corrosion resistant components and entire chemical process systems to meet the specific requirements of their customers.

The Team