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Keensight Capital Undertakes Complex German Acquisition and Subsequent Italian Merger

May 12, 2016

Paris – Paul Hastings LLP, a leading global law firm, has advised Keensight Capital in connection with a complex transaction resulting in the combination of the Italian group Tecres and the German company aap Biomaterials under the holding company Demetra Holding, of which Keensight Capital became a significant minority shareholder.

This transaction consisted of Keensight Capital, as a first step, acquiring the German manufacturer of biomaterials, aap Biomaterials, from the publicly-traded group, aap Implantate, then, as a second stage, combining aap Biomaterials with the Italian family group Tecres, specializing in bone cements and bone substitutes.

This cross-border transaction gave rise to the world leader in the area of bone cement and biomaterials for orthopedics.

The Paul Hastings team included Paris partner 

 and associate  for the corporate and contractual aspects, partner  and associate for tax aspects, and partner  for financing issues; Frankfurt partner  and associate  on corporate and contractual aspects and tax adviser , who were more specifically responsible for the acquisition of aap Biomaterials; and Milan partner and associate  on corporate and contractual aspects and partner and associate  on tax aspects, who were specifically responsible for Italian law issues relating to the combination with Tecres group.

aap Implantate was advised by Taylor Wessing (Berlin office).

Tecres group was advised by C Partners (Maurizio Marullo, Giorgio Vagnoni and Davide Soardo).

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. Paul Hastings is recognized as one of the world’s most innovative global law firms.

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