Oppenhoff supports milestone: stoba Group embarks on a new era with PHINIA

Oppenhoff provided comprehensive legal advice to the shareholders of the internationally active stoba Group (Backnang, Germany) on the proposed sale of all shares in the company to PHINIA Inc. (Michigan, USA).

Led by Dr. Barnim von den Steinen and Dr. Gunnar Knorr, Oppenhoff advised the shareholders of the stoba Group on the transaction, which is subject to regulatory approvals and customary closing conditions. 

The stoba Group, founded in 1961, is a global technology partner for high-precision components, systems and customized manufacturing solutions. The company serves customers across a range of industries, including on- and off-highway applications, mechanical and plant engineering, the semiconductor industry, as well as the aerospace and defense sectors. 

PHINIA Inc. (NYSE: PHIN) is a diversified, industrial supplier and global leader in the development of fuel systems, electrical systems, and aftermarket solutions, with a strong portfolio of trusted brands that includes DELPHI®, DELCO REMY® and HARTRIDGE™. With over 100 years of manufacturing expertise and industry relationships, PHINIA Inc. has approximately 12,500 talented employees and over 40 locations in 20 countries and is headquartered in Auburn Hills, Michigan, USA.

The Oppenhoff team

Dr. Barnim von den Steinen (M&A/Corporate) and Dr. Gunnar Knorr (Tax) (both lead), Dr. Philipp Heinrichs, Jan Kaminski, Laurenz Kiefer, Antonia Timpanidis and Dr. Christian Bresgen (all M&A/Corporate), Moritz Schmitz (M&A/W&I), Marc Krischer, LL.M., Dr. Jan Keesen and Daniel Gellrich (all Tax), Dr. Daniel Dohrn and Konstantin Ogilvie (both Antitrust), Lisa Striegler (Employment), Dr. Carsten Bormann and Maximilian Broich, LL.M. (both Public Law/Regulatory), Dr. Wolfgang Kotzur (Finance), Marvin Rochner (Real Estate) and Valentino Halim (IT Law, Trade, Distribution and Logistics).

Oppenhoff regularly advises companies, shareholders and financial investors on complex domestic and cross-border M&A transactions. Advising the shareholders of the stoba Group once again highlights the firm’s particular expertise in international corporate transactions and in advising entrepreneurs on the sale of mid-cap companies.

Recent transaction mandates also include advising Compagnie de Saint-Gobain S.A. on the sale of the HKO Group to a fund managed by the DUBAG Group, as well as advising Frontline Robotics on the establishment of the German-Ukrainian joint venture Quantum Frontline Industries with Quantum Systems GmbH.

Oppenhoff’s Automotive & Mobility Sector Group regularly advises leading OEMs, suppliers and industry associations on a broad range of automotive and mobility matters – from M&A transactions, joint ventures and supply agreements to restructurings and distribution structures.

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