Binder Groesswang has advised Lafayette Mittelstand Capital on its acquisition of the elevator cable business from the Gebauer & Griller Group as part of a carve-out. DLA Piper advised Gebauer & Griller on the deal, which closed in early October.
Binder Groesswang describes Lafayette Mittelstand Capital as "a medium-sized company investor that focuses on targets from the DACH region in carve-out and special situations." According to the firm, "the elevator division acquired includes locations in Austria, Slovakia, and India and employs around 400 people. Under the new name Geba Cables, it will support its global customers in implementing their growth targets in the coming years. The product portfolio ranges from conventional flat cables and designs with integrated data elements to specific solutions with fiber optic cables. In addition, customized just-in-sequence cable harnesses are made available to customers for each elevator system.”
Binder Groesswang’s team included Partner Gottfried Gassner, Attorney Georg Wabl, and Trainees Philipp Martin Schanner and Markus Sacherer.
Roedl & Partner’s team was led by Christoph Hinz.
DLA Piper’s team included Partner Christoph Mager, Counsels Michaela Wernitznig-Kittel and Lothar Farthofer, and Senior Associate Martina Peric.