McDermott Advises GENUI on Sale of its Stake in Cherry AG
FRANKFURT – SEPTEMBER 21, 2021 – McDermott Will & Emery has advised GENUI Sechste Beteiligungsgesellschaft mbH, a subsidiary of German private equity firm GENUI Partners, on its successful exit from computer products manufacturer Cherry AG. GENUI sold its remaining 12.5% stake, placing roughly 3 million shares with institutional investors at €32.50 each for a €98.5m transaction.
GENUI was founded in 2014 and invests into medium-sized businesses in German-speaking countries. Cherry AG, headquartered in Germany, is a global manufacturer of computer input devices with a focus on office, gaming, industry, security, eHealth solutions and switches for mechanical keyboards. Hauck & Aufhäuser acted as sole global coordinator and sole bookrunner in the placement.
The McDermott team was led by Simon Weiß in Frankfurt (Capital Markets), and included partners Joseph Marx (US Capital Markets), Dr. Philipp Grenzebach (Corporate) as well as associate Christoph Schäfer (Capital Markets).
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