Hofmann & Fertig advises a German subsidiaries of a New York Stock exchange listed Fortune 500 Company on the structuring of the acquisition of a family-owned group of companies. The family-owned company with around 450 employees specializes in the development and production of Coatings for the automotive industry.
As part of the transaction, we have advised on the structuring of the Transfer of the shares and further tax measures for the integration of the acquired companies into the German group (post acquisition integration). Among other things, existing tax groups were dissolved whereas new tax groups were established in order to exploit previously unused tax loss carry forwards in order to reduce the effective tax burden. Further, we provided advice with respect to the tax treatment of the transaction costs. As the acquired group owned various production sites at the time of the acquisition, we also represented our client for the real estate transfer tax declaration purposes.