Shearman & Sterling advised PINOVA Capital on the financing of the acquisition of the Wertheim-based WEETECH GmbH (“WEETECH”), a leading manufacturer of cable- and function-test systems. PINOVA Capital’s investment in WEETECH strengthens the company’s leading market position and advances its internationalization strategy, especially its expansion in the Asian market.
WEETECH is a market leader in the development, production and distribution of test systems for cables, back planes, electronic parts and components. Customers include manufacturers and suppliers of the automotive- and railway technology, aviation and aerospace companies, as well as telecom suppliers in Germany and abroad.
PINOVA Capital is an 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 Deurowood.