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
Multinational law firm Pinsent Masons has advised HSBC, Korea Development Bank, The Norinchukin Bank, Intesa Sanpaolo, and Abu Dhabi Commercial Bank on all aspects of the project financing of the Khalifa University Student Accommodation public-private partnership (PPP) project.
Multinational law firm Pinsent Masons has been appointed by The Hong Kong Institute of Architects, Hong Kong Institute of Construction Managers and The Hong Kong Institute of Surveyors to assist with the drafting of a new generation of the standard forms of building works contracts for Hong Kong last updated in 2005/2006.
Multinational law firm Pinsent Masons has assisted SPE Capital, an independent management firm, in the sale of Amanys Pharma to Laprophan, a pioneering pharmaceutical company in Morocco.
Multinational law firm Pinsent Masons has unveiled its 2023/24 year end results, announcing a 7.2% revenue increase to £649.6m as it continues to develop its cross border, sector-led capabilities prioritising investment into its people, client service and communities.
Multinational law firm Pinsent Masons has boosted its global professional services capabilities with the promotion of 22 new partners.
Multinational law firm Pinsent Masons has advised the Supervisory Board of Telefónica Deutschland on the delisting tender offer of Telefónica Local Services GmbH, a subsidiary of Telefónica, S.A.
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]