Hengeler Mueller advises American & Efird Global and KPS Capital Partners on acquisition of Gütermann

18. June 2014

KPS Capital Partners, LP (KPS) announced yesterday that its portfolio company American & Efird Global L.P. (A&E) will acquire substantially all of Gütermann Holding SE’s (Gütermann) global industrial and consumer thread business. Completion of the transaction is expected on 30 June 2014 and is subject tocustomary closing conditions.

A&E is the largest U.S. manufacturer and the world’s second-largest manufacturer and distributor of sewing thread. A&E’s products are manufactured in 20 countries. The group employs more than 9,000 associates around the world. Gütermann is a leading European manufacturer and distributor of high-quality sewing thread products for consumer and industrial applications. Gütermann owns and operates four manufacturing facilities located in Germany, Spain, Mexico and India, and employs approximately 1,000 associates around the world.

Hengeler Mueller is advising A&E and KPS on the transaction. The Hengeler Mueller team is led by partners Peter Weyland and Frank Burmeister (both M&A) and includes partners Alf-Henrik Bischke (Competition), Heinrich Knepper (Financing), Hans-Joachim Liebers (HR), Matthias Scheifele (Tax), Dirk Uwer (Public Law), counsel Andrea Schlaffge (IP) as well as associates Anne Broll, Astrid Harmsen, Friederike Kirch-Heim, Abhijit Narayan, Marcel Nuys, Nadine Rinck, Matthias Rothkopf, Daniel A. Spitze, Christoph Trautrims, Deniz Tschammler and Lars Voigt.