12 Jun 2018 | 08:00 am | 1 min. read
International law firm Pinsent Masons has advised STS Group AG on its admission to the Frankfurt Stock Exchange (Prime Standard) in a deal valuing the business at €144m.
STS Group AG is one of the world's leading suppliers of interior and exterior parts for commercial vehicles. Its components are found in vehicles produced by leading commercial vehicle manufacturers and major international automobile manufacturers (OEMs) as Volvo Trucks, Daimler Trucks, Scania, IVECO, and FCA.
The business employs more than 2,500 employees worldwide and revenues of c.€425 million in 2017. The funds generated through the IPO are expected to be used for further expansion into China and North America.
Pinsent Masons has now acted on three of the ten IPOs to have taken place on the Frankfurt Stock Exchange this year. In February the firm advised Stemmer Imaging AG on its floatation, followed by the IPO of Cyan AG a month later.
The Pinsent Masons team was led by Dr. Alexander Thomas, (Federführung, Partner, Kapitalmarktrecht) and comprised Natalie Stark (Associate, Kapitalmarktrecht), Linda Wüllner (Associate, Kapitalmarktrecht), Leif Herzog, LL.M. (Associate, Corporate/M&A); Dr. Sebastian Jördening (Associate, Corporate/M&A).
Dr. Thomas says:
“We are delighted to have been entrusted with this important transaction by STS Group AG. We have now completed three significant IPOs in Germany in less than six months which is a record we are very proud of.”
Earlier this year Pinsent Masons further-enhanced its German Corporate practice with the appointment of Dr. Thomas Peschke as Partner from KPMG Law.
McDermott Will & Emery acted as underwriters' counsel to the banks.
Noerr advised mutares AG as Corporate Counsel on stock corporation and capital market law and also accompanied the capital measures on the level of STS Group AG.
Multinational law firm Pinsent Masons has advised the University of Greenwich on the trailblazing merger with the University of Kent, paving the way for the creation of the UK’s first “super‑university”.
Multinational law firm Pinsent Masons has advised on the sale of VLocker, a global leader in the design, manufacture, installation and management of electronic locker systems, to Venu+, a United States‑based portfolio company of private equity fund ZCG.
Multinational law firm Pinsent Masons is expanding its European footprint into Poland, announcing plans to open in Warsaw in mid-2026.
Multinational law firm Pinsent Masons has appointed pensions partner Susie Daykin to join its London office.
Law firm Pinsent Masons MPIllay has advised French development finance institution Proparco (Société de Promotion et de Participation pour la Coopération Économique) on its investment in Singapore-headquartered energy-as-a-service (EaaS) infrastructure platform August Energy.
Multinational law firm Pinsent Masons in Paris advised La Banque Postale and Bpifrance in connection with the financing of the repowering of two wind farms (Marsanne and Grand Bois) owned by funds managed by Octopus Energy Generation, for an amount exceeding €83 million.
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]