STAR III Fund managed by STAR Capital Partnership LLP agreed to acquire VINCORION from Jenoptik AG (XTRA:JEN) for an enterprise value of approximately €130 million on November 25, 2021. In 2020, VINCORION reported revenue of €151.7 million. The transaction is subject to approval by the responsible authorities, regulatory and other customary closing conditions.

As of June 30, 2022 all conditions are met. Closing is expected to take place in the second half of 2022. Carola Glasauer, Lutz Krämer, Jochen Hörth, Tim Bracksiek, Sebastian Stütze and Thilo Wienke of White & Case, L.L.P. (Germany) acted as legal advisors to Jenoptik.

Steen Associates acts as exclusive adviser to STAR Capital while Markus Herz, Lorenz Liebsch, Katrin Thoma, Hanno Brandt, Simon Brandt , Julian Buhr, Markus Hill, Viktoria Rosbach and Tilman Siebert all from Frankfurt office and Laura Luo, Zhiyian Liu, Lucia Chen, Meg Utterback and Michael Amberg from New York office of King & Wood Mallesons acted as legal advisor for STAR. Ashurst advised a consortium of banks consisting of Commerzbank Aktiengesellschaft and Unicredit Bank AG as lenders on the financing of this transaction. Network Corporate Finance GmbH & Co.

KG acted as financial advisor to STAR Capital Partnership LLP.