Shearman & Sterling advised Deutsche Beteiligungs AG (DBAG) and DBAG Fund VII advised by DBAG on the acquisition of a majority stake in SERO Schröder Elektronik Rohrbach GmbH (Sero) in connection with a Management Buyout (MBO). Sero is the sixth investment of DBAG Fund VII, which focuses inter alia on successions in family-owned companies in MBO transactions. The transaction is subject to the approval of the competition authorities and expected to close in November 2018.
Headquartered in Rohrbach, Germany, Sero is a development partner and manufacturing service provider for electronic components. Sero is strong in the automotive industry but also active in other sectors, offering industrial competence and a highly automated plant applying high-quality and innovative processes to manufacture cost-efficient products of the highest quality.