Goodwin has advised a banking group consisting of, amongst others, Commerzbank, Skandinaviska Enskilda Banken, Bank of Ireland, ING Bank and Artemid on the acquisition financing of Driescher GmbH (Moosburg and Eisleben) (“DRIESCHER” or “the Group”) by funds managed by IK Partners (“IK”).
Established over 85 years ago, DRIESCHER is a leading provider of critical grid components and a reliable partner to many large municipal utilities, industrial customers and railway operators. The Group offers a comprehensive portfolio of products and services, necessary for the expansion of energy grids and the modernisation of existing infrastructure. DRIESCHER excels in providing SF6-free, air-insulated components designed to enhance protection and safety, serving as essential infrastructure for managing power flows and voltage conversion within energy grids. With a reputation for innovation and deep engineering expertise, the Group offers tailored solutions to meet a wide range of customer needs.
IK is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €17 billion of capital and invested in over 195 European companies. IK supports companies with strong potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
Goodwin’s transaction team was led by partners Folko Moroni and Winfried M. Carli and included associate Jakob Lutzenberger and transaction lawyer Rina Omura (Private Equity/Finance, Munich) as well as associate Philipp Lauer (Tax, Munich).