Shearman & Sterling advised Cathay Capital Private Equity (“Cathay”) on financing the acquisition of a majority stake in the Plettenberg-based automotive supplier E. WINKEMANN. The majority stake will be acquired by the Cathay Capital MidCap Fund. The sellers, funds managed by Equistone Partners Europe and E. WINKEMANN’s management, remain invested in the company. The financial terms of the deal are undisclosed and completion of the sale is subject to the approval of the relevant competition authorities.
Over its 80-year history, E. WINKEMANN has become a major manufacturer of precision-stamped metal parts. The company, based in North Rhine-Westphalia, Germany, primarily supplies prestigious German and international automobile suppliers and manufacturers around the world.
Shearman & Sterling already advised Cathay in April 2016 on the financing of its first transaction in Germany, the acquisition of WST Präzisionstechnik GmbH.