Pinsent Masons and Lindahl advise BEWi on the acquisition of Synbra Group

The BEWi Group, based in Solna, Sweden, is one of Northern Europe's leading manufacturers of insulating materials and foam packaging (EPS, XPS) and employs around 300 people in a total of five countries. The Dutch Synbra Group from Etten-Leur has around 900 employees at 14 production sites for EPS and EPS insulating materials and packaging. The merger creates one of the largest manufacturers of EPS foams in Europe.

The transaction included the acquisition of 100% of the shares in the parent company Synbra Holding B.V. and had a total volume of 117.5 million euros.

Part of the transaction consisted of the carve-out of the German Synbra subsidiary IsoBouw GmbH from the Synbra Group, 66 percent of which was acquired by the Austrian HIRSCH Servo Group and 34 percent by BEWi. In addition, Pinsent Masons advised BEWi on the associated acquisition of 34 percent of the German HIRSCH Servo subsidiary HIRSCH Porozell GmbH.

The closing of the transaction(s) follows merger control proceedings in Germany, Austria and Portugal.

The mandate relationship between Lindahl and the BEWi Group is well established. Accordingly, Lindahl was also responsible for structuring and advising the entire transaction. Lindahl again relied on Pinsent Masons to advise the German transaction parts. Both law firms have been working together for many years. Pinsent Masons recently advised the Swedish law firm on the sale of Knorr-Bremse AG's stake in Swedtrac RailServices.