GRUENDELPARTNER advises TGFS on the sale of shares in Pendix GmbH to the Johnson Electric Group

The Johnson Electric Group, a leading global supplier of electric motors, actuator components, actuator sub-assemblies and related electromechanical components, has announced the acquisition of Pendix GmbH (Zwickau). In the course of this transaction, all other investors in addition to Technologiegründerfonds Sachsen (TGFS) have sold their shares. The founders will retain a minority stake.

Pendix GmbH was founded in 2013. In the same year, Technologiegründerfonds Sachsen (TGFS) joined the company as a seed investor. The company was subsequently supported by the TGFS and three other financial investors, enabling it to become a permanent fixture on the bicycle market. The 100% acquisition of VSC Bike GmbH was finalised at the beginning of the year.

GRUENDELPARTNER provided legal advice to the investors in connection with the sale of the shares.

GRUENDELPARTNER's M&A, Venture Capital, Private Equity practice group is one of the most experienced and well-staffed advisory units in Central Germany and supports investors and entrepreneurs in all phases of development, in particular in company formation, company development, corporate financing and all exit processes.