25 04 2016

Cathay Capital Private Equity acquires WST Präzisionstechnik GmbH

DLA Piper has advised Cathay Capital Private Equity on the acquisition of WST Präzisionstechnik GmbH from a Finatem fund and the management of WST, the first transaction of Cathay Capital Private Equity in Germany.


Key members of the management of WST will retain a minority stake in the company. The parties have agreed to keep the purchase price confidential. The completion of the transaction is subject to the approval of the competent merger clearance authorities.

WST Präzisionstechnik GmbH, with headquarters in Löffingen and more than 400 employees at two production sites in Germany, is a long-established manufacturer of high precision turned parts for the automotive industry as well as for costumers in the fields of drive, mechanical, and hydraulic engineering.

Cathay Capital Private Equity is a leading international private equity firm focusing on cross-border investments, committed to supporting growth and international expansion of its portfolio companies from Europe, North America, and China. As a fund made by entrepreneurs for entrepreneurs, Cathay Capital Private Equity is based in Paris, Munich, New York, the Silicon Valley, Shanghai, and Beijing. With more than EUR 1.2 billion in assets under management, Cathay Capital Private Equity has invested in companies across three continents. The acquisition of WST Präzisionstechnik GmbH is funded from Cathay Capital's EUR 500 million MidCap Fund. This first transaction of Cathay Capital Private Equity in Germany was led by partner Andreas Holtschneider out of the recently opened Munich office.

The DLA Piper team was led by partner Dominik Stuehler (Picture) and senior associate Dr Kai Terstiege, and included senior associate Silvio McMiken, associates Tobias Hoppe and Angélique Schraud (all Corporate, Munich), partner Dr Konrad Rohde and counsel Dr Raimund Behnes (both Tax, Frankfurt), partner Dr Thilo von Bodungen and associates Olga Blaszczyk and Kristin Hermann (all Commercial, Munich), partner Pascal Kremp, counsel Dr Annekatrin Veit and associate Marcel Huegel (all Employment, Munich), senior associate Barbara Rybka (Real Estate, Munich), partner Wolfram Distler, counsel Robert Hofbauer (both Finance, Frankfurt), partner Dr Michael Holzhaeuser and senior associate Semin O (both Antitrust, Frankfurt), partner Sarmad Haidar (Corporate, Paris), as well as partners Charles-Antoine del Valle and Guillaume Valois (both Tax, Paris). Involved fees earner: Dominik Stuehler - DLA Piper; Kai Terstiege - DLA Piper; Silvio McMiken - DLA Piper; Tobias Hoppe - DLA Piper; Angélique Schraud - DLA Piper; Sarmad Haidar - DLA Piper; Charles-Antoine Del Valle - DLA Piper; Guillaume Valois - DLA Piper; Konrad Rohde - DLA Piper; Raimund Behnes - DLA Piper; Pascal Kremp - DLA Piper; Annekatrin Veit - DLA Piper; Marcel Huegel - DLA Piper; Thilo von Bodungen - DLA Piper; Olga Blaszczyk - DLA Piper; Kristin Hermann - DLA Piper; Barbara Rybka - DLA Piper; Wolfram Distler - DLA Piper; Robert Hofbauer - DLA Piper; Michael Holzhaeuser - DLA Piper; Semin O - DLA Piper;

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