12 Mar 2019 | 09:21 am | 1 min. read
International law firm Pinsent Masons has advised Canon Deutschland GmbH on the sale of CBS, its subsidiaries for printing services formed of Canon Deutschland Business Services GmbH and Canon Deutschland University Services GmbH, to the financial investor ASC Investment S.a r.l.
Pinsent Masons partner, Dr. Thomas Peschke and senior associates Julia Ohlerich and Dr. Heyo Maas have worked with Canon Group for many years, advising on numerous M&A transactions and corporate restructuring. However, after a successful tendering process, this was the first time the team had worked on a sell-side transaction for the group.
CBS employs approximately 300 people and serves nearly 60 key accounts. In addition to in-house printing services (including transaction printing), they also provide services such as the implementation of digital document workflows and the provision of creative services through its own design centre.
The buyer, ASC Investment S.a r.l, is an investment company with offices in Luxembourg and Munich. They specialises in the acquisition of medium-sized companies and will take over all employees and all 45 locations of the group.
The parties have agreed not to disclose the purchase price.
The investment bank Bryan, Garnier & Co acted as financial advisor for Canon Germany and led the auction process for the sale of CBS. The project was managed in-house by head of the legal department of Canon Deutschland GmbH Jens Dohmgoergen LL.M, CFO of the group Dirk Meier and head of M&A for Canon Europe Ltd Darren Rayner.
Advisors Canon Deutschland GmbH
Pinsent Masons: Dr. Thomas Peschke (Partner), Julia Ohlerich (Senior Associate) (both leading), Leif Herzog, LL.M. (Senior Associate), Dr. Heyo Maas (Senior Associate) (all M&A/Corporate/all Düsseldorf); Werner Geißelmeier (Partner) (Tax/Munich); Dr. Michael Reich (Partner) (Antitrust/Munich)
In-house legal: Jens Dohmgoergen, LL.M. (head of the legal department of Canon Deutschland GmbH)
International law firm Pinsent Masons has joined Climate Bonds Initiative's Partners Programme, an international network mobilising debt markets to tackle climate change and finance green solutions.
International professional services firm Pinsent Masons has today announced the launch of the "Spark Board" to bring a new perspective to strategic decision-making at the firm.
International law firm Pinsent Masons has launched a virtual internship enabling students to gain valuable experience of working as a lawyer within its business.
International law firm Pinsent Masons has advised CH&CO Catering Group on the £85m acquisition of the UK and Irish catering and hospitality business of Mitie Group Plc.
International law firm, Pinsent Masons, has advised Primary Capital Partners on its management buy-out of British engineering company Foster & Freeman.
International law firm Pinsent Masons has advised Međunarodna Zračna Luka Zagreb (MZLZ) on the c.€200 million refinance of Croatia's Zagreb Airport.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on