NEW YORK – Troutman Pepper Locke represented HOERBIGER, a global technology company based in Switzerland, in its divestiture of Altronic, a leading supplier of advanced ignition, control, and instrumentation systems for long-lived critical infrastructure power systems, serving OEMs and operators across industrial end markets. For more information, see the press release.
Altronic has been part of HOERBIGER since 2009. With this step, HOERBIGER is continuing its strategy of consistent and forward-looking portfolio management and actively shaping the transformation of the company. At the same time, the new ownership allows Altronic to be well-positioned to enter the next phase of entrepreneurial ambitions and growth.
The Troutman Pepper Locke team that advised HOERBIGER was led by Nanette Heide, with support from Samantha Peruto, Matthew Ramsey, Madeline Reed, Dan Anziska, Olivia Hilt, Julian Weiss, Dave Wormser, Mike Crumbock, and Tom Gray. The transaction was directed by HOERBIGER Group General Counsel and Chief Compliance Officer, Michael Stelzel. Additional in-house support for the transaction was provided by HOERBIGER’s Jan Hollenthoner and Brad Varley.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle middle market transactions for private equity clients alongside strategic deals for Fortune 100 corporations. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling. The firm has a strong focus in the private equity and private fund services space, advising clients on matters including fund formation, growth equity investments, leveraged buyouts, recapitalizations, and exit transactions.
About Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.