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Noerr and Penkov, Markov & Partners Advise Aurelius Equity Opportunities on Acquisition of Businesses from Woodward

Noerr and Penkov, Markov & Partners Advise Aurelius Equity Opportunities on Acquisition of Businesses from Woodward

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Noerr and Penkov, Markov & Partners have advised private equity firm Aurelius Equity Opportunities SE & Co. KGaA on the acquisition of the Renewable Power Systems and Protection Relays businesses from NASDAQ-listed Woodward, Inc.

The combined businesses, which have more than 400 employees, generated sales of approximately USD 80 million in financial year 2019. 

Renewable Power Systems produces frequency convertors and other key components used in wind turbines at its production sites in Kempen (Germany) and Krakow. The Protection Relays business develops and markets mainly medium and high-voltage protection relays for industrial applications. Aurelius will separate the two businesses from the structures of Woodward and set them up as independent businesses.

Closing is expected to occur within the next few months.

Noerr's team was jointly led by Germany-based Partners Laurenz Tholen and Christian Pleister and included Partners Sebastian Wundisch and Michael Reiling and Associated Partners Torsten Kraul and Stefan Schwab, as well as Poland-based Associated Partner Ludomir Biedecki, Associate Mateusz Slodczyk, and lawyer Marta Duchlinska. Also involved were German Associates Anna Olbrys-Sobieszuk, Stefanie Heinemann, Robert Marx, Diana Richter, Christoph Ickenroth, Dorian Legel, Natalie Oei, and Katja Schmitt. 

The Penkov, Markov & Partners team included Senior Partner Vladimir Penkov, Managing Partner Nikolay Cvetanov, and Attorneys at Law Boris Lazarov and Radost Georgieva.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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