DLA Piper advises Mutares on the acquisition of Hirschvogel Incorporated

DLA Piper has advised Mutares SE & Co. KGaA (Mutares) on the acquisition of Hirschvogel Incorporated from Hirschvogel Holding GmbH. The company will be integrated into the FerrAl United Group as a new subsidiary and renamed Walor North America Inc.

With the add-on investment, Mutares strengthens FerrAl United Group's presence in the US market for iron and aluminium-based castings and forgings. It is the first deal for Mutares in the US following the opening of the Mutares Chicago office.

Based in Columbus, Ohio, Hirschvogel Inc. specializes in the forging and machining of steel components. With around 320 employees, the company generated sales of around EUR100 million in 2023.

FerrAl United Group is a globally active automotive supplier of castings and forgings based in Frankfurt/Main, Germany, with more than 30 sites worldwide.

Listed private equity holding Mutares, headquartered in Munich, acquires companies in transformational situations. For the 2024 financial year a Group turnover of EUR5.7 billion to EUR6.3 billion is expected.

“The DLA Piper team provided us with excellent cross-border support”, says Dr Angélique Schraud, Head of Legal M&A at Mutares.

The DLA Piper team was led by global client relationship partner Sebastian Decker with counsel Sophie von Mandelsloh, senior associate Robert Fischer-Sonnberg and associate Jan Mensching in the core team (all Corporate/M&A, Hamburg).

Furthermore, partners Dr Tim Arndt (Corporate/M&A, New York), Oliver Olah (Private Equity, New York), associate Mikaela Colby (Corporate/M&A, Phoenix), partners Dr Nico Brunotte (IT), Verena Grentzenberg (Data Protection, both Hamburg), Florian Bruder (Restructuring, Frankfurt/Munich) and Semin O (Antitrust, Frankfurt), attorney Ben Birchenall (Real Estate, New York), partner Jeff Salinger (Environmental Law, New York), partner Julia Kovacs and associate Luyao Zhang (both Employee Benefits, Washington, DC), partner James Rusert and associate Sydney Hu (Employment, Atlanta) as well as partner Drew Young and of counsel Michael Madigan (both Tax, New York) advised on the transaction.

The in-house legal and tax team at Mutares was led by Dr Angélique Schraud (Head of Legal M&A) and comprised Luisa Stellmach (Associate Legal M&A), Denis Ahluwalia (Head of Tax) and Madelaine Vikoler (Transaction Specialist).