PwC Legal advises JFE Engineering Corporation on the acquisition of Standardkessel Power Systems Holdings GmbH
Frankfurt am Main, January 28, 2015
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided extensive advice to the Japan based JFE Engineering Corporation (JFEE) during the acquisition of 100 percent of the shares in Standardkessel Power Systems Holding GmbH (SPSH), a holding company owning 100 percent of the shares in the Standardkessel Baumgarte Group. Standardkessel Baumgarte Group is a constructor of power plants with head office in Duisburg. The transaction experts of PricewaterhouseCoopers Co., Ltd. in Japan (PwC Japan) together with the support of the M&A team of PricewaterhouseCoopers AG WPG in Germany (PwC WPG Germany) acted as financial advisor to JFEE and worked hand in hand with the legal team. The transaction has been closed in December 2014.
JFE Engineering Corporation with head office in Tokyo is an innovator of technologies across the engineering field and is specialised in developing waste-to-energy and biomass power plants. JFE Engineering operates as a core subsidiary of JFE Holdings, Inc., a Tokyo Stock Exchange listed company with over 57,000 employees worldwide and consolidated revenues in fiscal year 2013 of approximately Euro 25 billion.
Standardkessel Power Systems Holding GmbH is a holding company owning 100 percent of the shares in Standardkessel Baumgarte group. The group is a European provider in construction of high efficient power plants using advanced boiler technologies for a wide range of fuels, generates sales of around Euro 129 million in fiscal year 2013. The group consists of Standardkessel GmbH, which is in charge of design and construction of biomass power plants, waste heat recovery power plants as well as primary fuel power plants, Baumgarte Boiler Systems GmbH, which is responsible for design and construction of waste-to-energy plants and Standardkessel Baumgarte Service Holding GmbH, which covers maintenance of plants.
Advisors of JFE Engineering Corporation:
PwC Legal Germany:
Germany: Denis Bacina, Moritz Gröning (both lead management, Corporate/M&A), Dr. Dirk Stiller, René Partsch, Thilo Renz, Silvia Surlan, Florian Drach, Ilie Manole (all Corporate/M&A); Max Liesenhoff, Niels-Jakob Küttner, Tim-Oliver Neumann, Dirk-Henning Meier (all Energy Law); Frank Degenhardt, Christian Berg, Marc-Andre Link, Stefanie Moisa (all Labor Law); Peter Holzhäuser (Real Estate)
PwC WPG Germany:
Germany: Martin Schwarzer, Wilfried Böckmann (lead management), Artjom Jalosa, Gregor Schäfer (all Advisory M&A); Andreas Koletzko, Rainer Gerth (both Transaction Services); Nikolaus Thöns, Hans-Joachim Köhler, Ralf Braunagel, Kerstin Kirchhof, Silke Kober, Jeanine Karen Dorling (all Tax)
PwC Japan:
Akihiko Matsunaga, Gregory Bournet (lead management), Nicolas Seraphin, Takayuki Fujii (all Advisory M&A); Koji Kawasaki, Masaki Nakashima (both Transaction Services); Jun Takashima (Tax)
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