Allen & Overy and Frotz Riedl Rechtsanwalte in Vienna have advised Vienna-based private equity investor CMR GmbH on the acquisition of Rofin Sinar UK Ltd. from Coherent Inc.
RSUK, based in Hull, England, specializes in the manufacturing of low power carbon dioxide (CO2) lasers.
The acquisition of RSUK by CMR was the consequence of a condition stipulated by the European Commission in connection with the acquisition of Rofin-Sinar Technologies Inc. (RSUK’s former parent company) by Coherent in 2016. In order to avoid a dominant market position, RSUK had to be sold.
In connection with the acquisition of RSUK by CMR, Rofin-Sinar UK and Iradion Laser Inc. also agreed on a joint worldwide sales, service, and production cooperation. Both companies are specialists in the development and manufacturing of CO2 laser sources. The now combined product portfolios cover a range of CO2 lasers with low power levels up to 1kW.
CMR was advised by a team led by Allen & Overy Partner Helge Schafer and Counsel Jonas Wittgens (both in Hamburg). The Allen & Overy team also included London-based Partners Cathy Bell-Walker, Stephen Mathews and Paul McCarthy, Hamburg-based Partner Ellen Braun, Frankfurt Senior Associate Fatih Coskun, London Associate Jonathan Down, and Hamburg Associates Moritz Merkenich and Yves Holle.
On matters of Austrian law, in particular on acquisition structure and financing, CMR was advised by Partners Stephan Frotz, Paul Schorghofer, and Clemens Spitznagel of Frotz Riedl Rechtsanwalte. Their team also included Associates Andrei Demian and Felicitas Abel.
CMR was advised by Ernst & Young's Vienna office on matters of tax law.
Allen & Overy did not reply to an inquiry about counsel for Coherent.