Pinsent Masons advises Clarios on the acquisition of Paragon's energy business
05 Oct 2023 | 10:54 am |
Multinational law firm Pinsent Masons has advised the leading automotive battery manufacturer Clarios, a portfolio company of Brookfield Corporation, on the acquisition of the energy business of Paragon GmbH & Co. KGaA.
Paragon specialises in the manufacture of batteries and battery management systems for the automotive industry. The acquisition significantly expands Clarios' engineering team, which is involved in the development of new low-voltage architectures.
Pinsent Masons has been assisting Clarios for a number of years, with the latest transaction marking Clarios' first strategic acquisition in Europe since its 2019 demerger from Johnson Controls and acquisition by Brookfield.
The team at Pinsent Masons was led by corporate partner Ronald Meißner supported by Mark Leonard and Holger Kessen (Finance) and Michael Reich (Competition).
Clarios is a leading global manufacturer of low-voltage batteries for the automotive industry with annual sales of around USD 9 billion. Based in Glendale, Wisconsin, Clarios is a portfolio company of Brookfield Business Partners, a subsidiary of the Canadian investment company Brookfield Corporation.
Paragon, founded in 1988, is a listed developer and producer of solutions in the field of automotive electronics, body kinematics and electromobility based in Delbrück, Germany. With around 880 employees, the company most recently generated sales of around 160 million euros.
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons act as key adviser to Dalmore Capital in relation to acquisition by Royal London
Multinational Law firm Pinsent Masons played a key role in advising the UK-based infrastructure asset manager Dalmore Capital through its acquisition by UK pensions and investment giant Royal London.
General Counsel Wellbeing Network partners with Pinsent Masons to deliver series of workshops for GCs
The GC Wellbeing Network, a global organisation to champion the wellbeing of general counsel, has partnered with multinational law firm, Pinsent Masons, to deliver a series of workshops to equip GCs with tools and skills to improve their wellbeing.
Pinsent Masons advises Gulf Nav on its AED 3.2 billion reverse takeover of Brooge Petroleum Gas Investment from Brooge Energy Limited
Multinational law firm Pinsent Masons has advised Gulf Navigation Holding PJSC (Gulf Nav), the only maritime and shipping company listed on the Dubai Financial Market, on its landmark reverse takeover of Brooge Petroleum and Gas Investment Company from NASDAQ-listed Brooge Energy Limited.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons promotes 24 to global partnership
Multinational law firm Pinsent Masons has today announced its latest round of partner promotions, with 24 set to join its global partnership on 1 May.
Pinsent Masons announces approval for opening of new office in China
Multinational law firm Pinsent Masons is continuing its expansion in Asia Pacific having received government approval to open our third office in mainland China.
Pinsent Masons advises on the insolvency proceedings of German aerospace start up Lilium
Multinational Pinsent Masons has advised the administrator of Lilium N.V. on the firm’s insolvency proceedings. Lilium N.V. is the holding company of Lilium GmbH and Lilium eAircraft GmbH. All three entities have been in German insolvency proceedings since October 2024.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]