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News Apr 18, 2017

Shearman & Sterling Advises Südwestbank on the Acquisition Financing of Reutter/ITIB Group

Shearman & Sterling advised Südwestbank in connection with a unitranche financing for the acquisition of Reutter/ITIB Group by Steadfast Capital Fund III, L.P. (“Steadfast Capital”). Steadfast Capital purchased a majority stake of Reutter/ITIB Group to facilitate further international expansion of the business.

The transaction included Reutter GmbH, headquartered in Leutenbach, Germany (with production facilities in Austria, Slovakia, Mexico and India) as well as ITIB S.r.l., headquartered in Paderno, Italy (with production facilities in Italy and Poland). Reutter Group is a leading manufacturer of closure technology (cooling, oil filler, and tank filler caps) and SCR filling systems (AdBlue ©), which are applied on utility vehicles and passenger cars. ITIB Machinery International is a manufacturer of thermoplastic tubes and pipe connections and a supplier to the automotive and white goods market.

Steadfast Capital is an independent private equity investor focused on medium-sized companies in German-speaking Europe as well as in the Benelux countries and provides capital for corporate succession issues, management buy-outs and growth opportunities.

The Shearman & Sterling team included partner Winfried M. Carli; counsel Matthias Weissinger; and associate Andreas Breu (all Frankfurt-Finance).

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