Rieker Finanz-Gruppe acquires a majority interest in Meister-Abrasives-Group

Stuttgart, October 13th 2017

OPPENLÄNDER Rechtsanwälte and Walder Wyss advised Rieker Investment AG, Schweiz on its acquisition of a majority interest in Abraxos Holding AG, Switzerland. Abraxos Holding AG owns all shares in the Meister Abrasives-Group. Meister Abrasives is an innovative group of companies. Ever since 1951 it has dedicated itself to the development, application and optimisation of manufacturing processes using high-performance abrasive tools. The original sole owner and now minority shareholder, Thomas Meister, will continue his work as president of the Board of Directors of Abraxos Holding AG. Moreover the management led by CEO Dr.-Ing. Peter Beyer is still holding a share in the Meister group. Meister group’s strategic orientation to global growth remains driven by innovation in the sector of Automotive as well as in the further growing semiconductor industry. Meister Abrasives-Gruppe, headquartered in Andelfingen (Switzerland), employs 200 people worldwide.

Rieker Investment GmbH is a subsidiary of Rieker Finanz-Gruppe. Rieker Finanz-Gruppe is an independent segment of Rieker-Gruppe, that also includes the shoe manufacturer Rieker Schuh. Rieker Finanz-Gruppe is focused on long term investments in medium sized enterprises of all branches. The investments of Rieker Finanz-Gruppe are continue to be operated independently by the existing management.

OPPENLÄNDER Rechtsanwälte and Walder Wyss advised Rieker Finanz-Gruppe comprehensively in connection with the transaction. The German issues were advised by a team led by Dr. Felix Born (partner, M&A). The Swiss issues were covered by a team of Walder Wyss led by Dr. Markus Vischer.

The management of Rieker Finanz-Gruppe, Thomas Guhl and Axel Wiehrer, implemented the transaction in house.

The following OPPENLÄNDER team was acting for Rieker Finanz-Gruppe: Dr. Felix Born (partner, M&A, Lead), Dr. Teresa Bopp (M&A/Corporate), Dr. Malte Weitner (IP/IT), Dr. Ulrich Klumpp (partner, antitrust law), Dr. Hannes Dreher (antitrust law).

The Walder Wyss team consisted of: Dr. Markus Vischer, Christian Lütolf and Samuel Lieberherr (all Corporate/M&A).