GvW Graf von Westphalen has advised Prince Minerals GmbH, a subsidiary of PMHC II, Inc. ("Prince Minerals") in the acquisition of Josef Opavsky & Sohn GmbH, Vallendar. The transaction has closed in the meantime. The contracting parties have agreed on confidentiality with regard to the volume of the transaction.
Josef Opavsky & Sohn GmbH produces glazes, enamels and engobes, including for the construction and abrasives industry. Opavsky also develops and produces glazes and enamel frits at the site in Vallendar for the global market. In addition to domestic customers, companies in the entire EU area as well as from Australia and China are among the customers of the mid-size company.
Prince Minerals with its headquarters in Houston (Texas) is one of the leading manufacturers of frits, engobes and glazes for various branches of industry and has 25 locations on six continents. The company, which has made numerous acquisitions over the course of several years, is a portfolio company associated with the private equity firm Palladium Equity Partners.
Prince Minerals was advised in this transaction by the GvW partners Dr Ernst Lindl as well as Felix Wolf (Munich, both corporate law/M&A), Dr Frank Tschesche, Lars-Olaf Leskovar, (Frankfurt, both tax law), Hans-Joachim Lagier (Munich, real estate law), Anton Kastenmueller (Munich, labor law), Dr Sigrid Wienhues, Dr Andreas Wolowski (Hamburg) and Prof Dr Ulrich Hoesch (Munich, all public law).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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