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Ulcar & Partners and Zivkovic Samardzic Advise on TCH’s Sale of Cimos to Mutares

Ulcar & Partners and Zivkovic Samardzic Advise on TCH’s Sale of Cimos to Mutares

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Ulcar & Partners and Zivkovic Samardzic have advised the TCH Industrial Group on the sale of Cimos and its subsidiaries to Mutares. CMS and Luther reportedly advised the buyer.

Closing is expected in the third quarter of 2022, pending regulatory approval.

According to Zivkovic Samardzic, "the company will act as a key Eastern European platform for Mutares’ automotive & mobility segment, with seven production plants across Slovenia, Croatia, Serbia, and Bosnia & Herzegovina as well as one logistics plant in Slovenia."

Cimos is a Slovenia-headquartered automotive component producer with approximately 2,000 employees.

The TCH Group specializes in turbo and powertrain products and components manufacturing and operates 13 plants in Europe and Asia.

Mutares is a German private equity investor focused on the segments of automotive & mobility, technology & engineering, and goods & services sectors.

"Cimos allows Mutares to establish a strategic automotive platform enabling the broader automotive & mobility portfolio to tap into a very well invested machine park at competitive production costs," Mutares announced. "The high capabilities of Cimos, together with machines that are applicable across a variety of products, allow for the offloading of the significant workload from the portfolio with a very low capital expenditure requirement, given a universal machining approach."

The Zivkovic Samardzic team included Partners Igor Zivkovski and Sava Pavlovic.

Editor's Note: After this article was published, CMS confirmed it had advised Mutares. The CMS team was led by Austria-based Attorney-at-Law Florian Mayer and included Slovenia-based Partners Sasa Sodja and Maja Erker Zgajnar, Associate Robert Kordic, and Attorneys-at-Law Maja Sipek and Tamara Kosi; Croatia-based Partners Marija Zrno Prosic and Ana-Marija Skoko and Attorneys-at-Law Antonija Kanjer, Iva Grgic, and Karmen Sinozic; Bosnia & Herzegovina-based Partners Nedzida Salihovic-Whalen and Indir Osmic; and Serbia-based Partner Marija Tesic and Attorneys-at-Law Nenad Kovacevic, Marija Marosan, and Milica Tomic.