Zephyr Group Expands with Acquisition of Twinco and Carl Baguhn
Deal News | Dec 03, 2024 | Legal Community Italy
Zephyr Group, a specialist distributor for maritime engine components and backed by Dea Capital's fund Sviluppo Sostenibile, has acquired Twinco, based in Singapore, and Carl Baguhn, based in Hamburg, Germany. These acquisitions enhance Zephyr's distribution and service capabilities worldwide. The legal framework for these transactions was managed by Curtis Mallet-Prevost Colt & Mosle, employing a diverse team led by partner Paolo Cocchini. Curtis also collaborated with Chevalier and Rad/Df for Singapore legal counsel and utilised the expertise of KPMG and Spada Partners for complex due diligence tasks. Carl Baguhn is notable for its specialized maintenance services for diesel and gas engines and custom manufacturing of specific components. CMS acted as legal advisors for the seller. Curtis previously assisted Zephyr in its acquisitions in Spain and the Netherlands.
Sectors
- Marine Engineering and Services
- Private Equity
Geography
- Italy – Dea Capital Alternative Funds, the entity backing Zephyr, and participating legal advisors Curtis, have operations based in Italy.
- Singapore – Home to Twinco, one of the companies acquired by Zephyr Group.
- Germany – Carl Baguhn, a company acquired by Zephyr, is based in Hamburg, Germany.
Industry
- Marine Engineering and Services – The article involves companies like Twinco and Carl Baguhn, which operate in services related to marine engines, including repair, maintenance, and parts supply.
- Private Equity – Involves Dea Capital's Sviluppo Sostenibile fund which backs Zephyr Group in its strategic acquisitions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Curtis Mallet-Prevost Colt & Mosle | Legal Advisor | Company | Provided comprehensive legal services for Zephyr Group's acquisitions. |
| Zephyr Group | Acquiring Company | Company | A distributor of components for maritime engines, part of the Sviluppo Sostenibile fund by Dea Capital. |
| Dea Capital Alternative Funds | Private Equity Firm | Company | Manages the Sviluppo Sostenibile fund which supports Zephyr Group. |
| Twinco | Acquired Company | Company | Singapore-based supplier of maritime engine parts and services. |
| Carl Baguhn | Acquired Company | Company | German company offering sophisticated maintenance and repair services for engines. |
| KPMG | Financial Advisor - Tax Due Diligence | Company | Conducted tax due diligence for the acquisitions. |
| Spada Partners | Financial Advisor - Accounting Due Diligence | Company | Carried out financial and accounting evaluations. |
| CMS | Seller's Legal Advisor | Company | Represented the seller in the transaction. |