Auto-Kabel Restructures Under NKF Guidance
Deal News | Dec 03, 2024 | Legal Community Swiss
Niederer Kraft Frey (NKF), a renowned Swiss law firm, played a pivotal role in the restructuring of the Auto-Kabel Group, a family-run enterprise specializing in electrical components for automotive systems. NKF provided counsel on Swiss legal matters throughout the restructuring and facilitated the subsequent sale of Auto-Kabel to Voltaira Group, a subsidiary of FIT-Foxconn Interconnect Technology. Voltaira is recognized for its expertise in sensor, connectivity, and electrification solutions, particularly wire harness technologies. Spearheading the NKF advisory team were M&A partners Adrian Koller and Andrea Giger, joined by associate Manuel Hirlinger, junior associate Geraldine Kderli, and partner Markus Kronauer handling tax considerations. Meanwhile, Gleiss Lutz took on the role of lead counsel for the insolvency administrator in the transaction, based out of Germany. This strategic acquisition by Voltaira is set to enhance its portfolio by integrating Auto-Kabel's robust operations spread across 11 countries.
Sectors
- Automotive Electrical Components
- Legal Advisory
- Technology and Connectivity Solutions
Geography
- Switzerland – Niederer Kraft Frey is a Swiss law firm advising on Swiss legal aspects of the Auto-Kabel restructuring process.
- Germany – Gleiss Lutz, acting as lead counsel for the insolvency administrator, is based in Germany, indicating the involvement of German legal frameworks.
Industry
- Automotive Electrical Components – The article involves Auto-Kabel Group, which specializes in manufacturing electrical components for automotive systems, indicating that this is a central industry within the context.
- Legal Advisory – NKF provided legal services for the restructuring and sale process, representing a significant aspect of the transaction.
- Technology and Connectivity Solutions – Voltaira Group, involved in the acquisition, specializes in sensor, connectivity, and electrification solutions, situating them in this industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Niederer Kraft Frey (NKF) | Legal Advisor on Swiss Law | Company | Swiss law firm advising on the legal aspects of Auto-Kabel's restructuring and sale process. |
| Auto-Kabel Group | Target Company | Company | A family-run producer of electrical components for automotive systems. |
| Voltaira Group | Acquirer | Company | A subsidiary of FIT-Foxconn Interconnect Technology, specializing in wire harness technologies. |
| FIT-Foxconn Interconnect Technology | Parent Company of Acquirer | Company | Parent company of Voltaira, involved in interconnect and electrification solutions. |
| Gleiss Lutz | Lead Counsel | Company | German law firm acting as lead counsel for the insolvency administrator. |
| Adrian Koller | M&A Partner | Person | Led the NKF team advising on the transaction. |
| Andrea Giger | M&A Partner | Person | M&A Partner part of NKF team involved in the transaction. |