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Latham & Watkins Advises DBAG on Sale of Shares in Heytex

January 5, 2023
Firm represents longstanding client on sale of shares in leading textiles manufacturer.

Latham & Watkins LLP advised DBAG Fund V, advised by Deutsche Beteiligungs AG (DBAG), on the sale of its stake in Heytex, a leading manufacturer of technical textiles serving various end markets. DBAG’s shares in the company are to be sold to Bencis, an investor with offices in Germany, the Netherlands, and Belgium.

Latham regularly advises DBAG and its portfolio companies on transactions, most recently on an investment in freiheit.com technologies GmbH and on the acquisition of Bergert Group by Deutsche Infrastruktur und Netzgesellschaft mbH.

The Latham team was led by Munich partner Rainer Traugott with counsel Hanno Witt, Munich associate Sophia Probst, Hamburg associate Jacob Ahme, and Düsseldorf associate Florian Feistle. Advice was also provided on IP matters by Frankfurt partner Susan Kempe-Müller; on regulatory matters by Frankfurt counsel Joachim Grittmann; on tax matters by Munich counsel Ulf Kieker; on finance matters by Munich associate Philipp Guggeis; and on employment matters by Munich associate Kristina Hufnagel. In addition, a US team provided support in connection with Heytex's US operations.