Clearwater International acted as sole financial adviser to Vermögensverwaltung Erben Dr. Karl Goldschmidt GmbH on the acquisition of PMG Group from PLANSEE SE.
PMG, established as a joint venture between PLANSEE and Thyssen in 1960, has long standing experience in the processing of powder metal. With a special focus on the production of high-grade powder metal components and system components employed in the manufacture of premium quality transmissions, engines and shock absorbers, the company is an internationally recognized supplier to leading automotive manufacturers and Tier 1 suppliers. PMG, headquartered after the acquisition in Füssen, Germany, employs approximately 1,200 people at seven locations in Spain, China, the United States and Germany.
Vermögensverwaltung Erben Dr. Karl Goldschmidt GmbH is a financial holding company. The company was founded in 1936 and is based in Essen, Germany.
Clearwater International, led by partner Axel Oltmann, advised Vermögensverwaltung Erben Dr. Karl Goldschmidt.