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)
Multinational law firm Pinsent Masons has announced two acquisitions that will enable it to launch its flexible legal resourcing brand, Vario, into Germany.
International law firm Pinsent Masons has advised CANCOM SE on its share capital increase, valued at €174.2 million.
International law firm Pinsent Masons has further enhanced its commercial litigation, regulatory and tax litigation practice with the appointment of Andrew Sackey as a contentious tax partner in its London office. Andrew will work with clients across each of the firm's five key global sectors – Energy, Infrastructure, Financial Services, Real Estate and Advanced Manufacturing & Technology.
International law firm Pinsent Masons has advised Zurich, the global insurance provider, on the sale of its UK Retail Wealth business to Embark Group.
International law firm Pinsent Masons has advised S.R. Smith on the acquisition of Sunbather.
Pinsent Masons has hired real estate expert Denis Charles, as partner in its Paris office.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on