Managing Partner and Head of Corporate M&A Sam Jalaei led Magnusson Denmark’s Corporate M&A team in the France-based Milexia Group’s acquisition of Scandinavian industrial distributor, Cabcon Group A/S in close collaboration with the esteemed Winston & Strawn LLP Paris office.
Cooperating closely with esteemed Paris office of Winston & Strawn LLP, led by Partners Grine Lahreche and Sophie Nguyen, Magnusson Denmark advised on all legal elements of corporate M&A, banking & finance, employment, privacy and intellectual property related to the target’s Danish entity including conducting a full legal due diligence and providing report, FDI application filing, preparation and negotiation of the acquisition documents and establishment of a Danish SPV, in support of Milexia Group’s acquisition of Cabcongroup.
Magnusson Denmark’s Managing Partner and Head of Corporate M&A, Sam Jalaei, commented,
“It has been a pleasure and great privilege to join Grine Lahreche’s team for this project and advise on such a major cross-border deal for Milexia Group. The transaction is yet further testimony to the strength of the Magnusson Denmark M&A team and its cross-border capabilities.”
The acquired company, Cabcongroup, is a Scandinavia-based supplier of passives, electromechanical components, and cable harnesses for the industry, globally. The acquisition culminates a long-term relationship with the buyers, for whom Cabcongroup have provided reliable access to their Scandinavian client base.
Brian Dehlsen, CEO of Cabcon Group says,
“Over the past 20 years we have established Cabcongroup as a significant value-added distributor with the main focus on end customers in Denmark, Sweden and Norway. We are now ready to elevate Cabcongroup to the next level, and we see an excellent synergy in joining Milexia. We are enthusiastic about becoming part of Milexia Group and are eager to continue our growth journey together”
The buyers, Milexia Group, are one of the world’s leading European suppliers for high-quality electronic components, systems and scientific instruments technology. They have offices and warehouses in France, Italy, Spain, the United Kingdom and Germany. The Group’s has technical centres offer customised, installation, training and maintenance solutions for defence, space, transportation, Satcom, Scientific Instrumentation, and others civil industries.
Xavier Gaillard, CEO of Milexia Group says,
“We are thrilled to welcome the talented Cabcongroup teams to Milexia. Thanks to their commitment they have developed a global network of selected best in class manufacturers to provide local support and global delivery. Initiated several years ago, the goal of Milexia’ strategy is to be positioned as the leader of the value-added distribution of electronic component and systems in Europe. By joining forces with Cabcongroup, we expand Milexia’s European footprint and are able to respond more broadly to the expectations of our customers and suppliers in the entire Nordics region.”
The team from Magnusson Denmark consisted of Managing Partner and Head of Corporate M&A Sam Jalaei, Partner Tom Stener Froberg, Partner Uwe Rasmussen, and Junior Associates Matthew C Thorn, and Simon Fraenkel.
Contact
Sam Jalaei
Managing Partner / Head of Corporate & M&A / Head of Capital Markets and Head of Middle East Desk
Corporate and M&A, Banking and Finance, Capital Markets, Commercial, Dispute Resolution
Send me an email +45 82 51 51 00 +45 27 74 05 04Tom Stener Froberg
Partner / Head of Employment
Employment, Commercial, Corporate and M&A, EU and Competition, Public procurement, Transport
Send me an email +45 82 51 51 00 +45 40 43 18 40Uwe Rasmussen
Partner / Head of IP and GDPR
Technology, Commercial, Data Protection, EU and Competition, Intellectual Property
Send me an email +45 36 99 14 00 +45 93 70 37 00Matthew C Thorn
Junior Associate
Corporate and M&A, Banking and Finance, Commercial, Energy, Environment, ESG and Sustainability, Intellectual Property, Middle East Group, Outbound Services
Send me an email +45 82 51 51 00 +45 93 84 06 84Simon Fraenkel
Junior Associate
Corporate and M&A, Banking and Finance, Commercial, Dispute Resolution, Employment
Send me an email +45 82 51 51 00