Hengeler Mueller advises Hymer on sale to Thor Industries
19. September 2018
The shareholders of Erwin Hymer Group SE and Thor Industries, Inc. announced that they have entered into a definitive agreement for Thor to acquire Erwin Hymer Group for an enterprise value of approximately EUR 2.1 billion. The purchase price will be funded with cash and equity. Equity consideration will consist of approximately 2.3 million shares of Thor. The Hymer family will thereby remain engaged in the industry. The combination creates the world’s largest recreational vehicle (RV) manufacturer, with the leading position in both North America and Europe, and establishes a global sales and production footprint for the Company.
Hengeler Mueller advised Hymer both on the sale and on the preparation of an IPO (dual track).
The M&A team was led by partners Hans-Jörg Ziegenhain and Daniel Möritz (both M&A, Munich) and included partners Markus Röhrig (Antitrust, Brussels), Matthias Scheifele (Tax, Munich), Dirk Uwer (Public Law, Düsseldorf), Daniel Weiß (Financing, Frankfurt), counsel Gunther Wagner (Tax, Munich), Peter Dampf (Financing, Frankfurt) and Andrea Schlaffge (IP, Düsseldorf) as well as associates Jakub Lorys, Johannes Baumann, Aris Miro Marinello, Thomas Daniel Weierer, Florian Alexander Dendl (all M&A, Munich), Sebastian Adam (Tax), Alexander Wellerdt (Financing) (both Frankfurt), Deniz Tschammler (Public Law, Berlin), Anja Balitzki (Düsseldorf) and Christina Wolf (Brussels) (both Antitrust).
The IPO team was led by partners Reinhold Ernst (Düsseldorf) and Simon Patrick Link (Munich) and included counsel Cecilia Di Ció (Frankfurt) (all Capital Markets).
A team from the US law firm Cravath, Swaine & Moore (partners Mark I. Greene und Aaron M. Gruber) advised on issues concerning US law.