Noerr, working with Itay's LMCR law firm, has advised the Nidec Corporation on the sale of its Secop Compressors division to ESSVP IV, advised by Orlando Management AG.
SECOP is a global provider of specialized compressors for refrigeration and freezer appliances that has over 1,800 employees. The transaction involves companies in Germany, Slovakia, the United States, and China.
The Noerr team, jointly led by Munich-based Partners Georg Schneider and Christoph Thiermann, advised both on the sale and on what it calls "the complex carve-out of the business division in Germany and Slovakia."
In addition to Schneider and Theirmann, Noerr's Munich team consisted of Partner Christoph Rieken, Associated Partners Robert Korndorfer and Elmar Bindl, Senior Associate Nicole Kaps, and Associate Daniel Prexler. Noerr's team also included Dusseldorf-based Partner Andreas Butz and Counsel Cornelia Kaueroff, Prague-based Partner Barbara Kusak, Bratislava-based Partner Pavol Rak, Senior Associate Martin Tupek, and Associate Martin Baraniak, and Hamburg-based Senior Associate Wolfgang Wittek.