Hengeler Mueller advises Stahlgruber Otto Gruber AG on sale of Stahlgruber GmbH to LKQ Corporation

12. December 2017

Stahlgruber Otto Gruber AG has sold its subsidiary Stahlgruber GmbH, one of Europe’s leading automotive parts suppliers, to LKQ Corporation (“LKQ”). The purchase price is equivalent to an enterprise value of around EUR 1.5 bn. The transaction is still subject to the approval by the relevant regulatory authorities.

Stahlgruber is a family business founded in 1923 and supplies spare parts and accessories as well as workshop equipment to automotive repair shops. It employs 6.500 employees of which around 5.000 are in Germany. Its turnover amounts to EUR 1.5 bn.

LKQ (http://www.lkqcorp.com/) is a leading provider in the international automotive parts industry with operations in North America, Europe and Taiwan and a market capitalization of around US$ 12 bn.

Hengeler Mueller is advising Stahlgruber Otto Gruber AG on the transaction. The Hengeler Mueller team includes partners Hans-Jörg Ziegenhain (Munich), Martin Ulbrich, Reinhold Ernst, Christian Möller (all M&A), Oliver Rieckers (Corporate) (all Düsseldorf), Christian Hoefs (Labour, Frankfurt), Matthias Scheifele (Tax, Munich), Daniela Böning (Financing, Frankfurt), Vera Jungkind (Public Law), Thorsten Mäger (Antitrust) (both Düsseldorf), counsel Andrea Schlaffge (IP), Patrick Wilkening (IT/IP) (both Düsseldorf) and Gunther Wagner (Tax, Munich) as well as associates Christian Lutz, Christian Winkler (both Munich), Tobias Schneiders, Florian A. Hassner, Robert Stiefelhagen (all Düsseldorf), Hermann Dahlitz (Berlin) (all M&A), Stefanie Budde (Antitrust), Vicki Treibmann (Labour) (both Düsseldorf), Yasmin Holm (Tax, Munich), Till Hiemenz-Müller (Financing, Frankfurt) Thomas Ruthemeyer (Public Law, Düsseldorf) and Ralf Christian van Ermingen-Marbach (Compliance, Düsseldorf).

The US law firm Cravath, Swaine & Moore LLP advised on US capital markets law with partner Alyssa Caples and associate Yannick Adler (both London).