BERLIN – October 18, 2023. Morrison Foerster advised Elvaston Capital Management on the acquisition of Setex Schermuly textile computer GmbH and its subsidiaries.
The Setex Group develops industry-leading automation solutions for manufacturing processes in the textile industry, in particular for textile finishing and textile machinery manufacturing. Setex Group is one of the market leaders for machine controls, sensors, and MES software solutions in the textile production sector.
Elvaston Capital Management is an entrepreneur-led private equity firm specializing in investments in technology and enterprise software companies. Morrison Foerster also advised Elvaston Capital Management on the acquisition of Datatex AG (Switzerland), a provider of ERP software solutions for the textile industry, and its merger with the Setex Group into a joint holding company that will provide integrated software solutions for all business processes in the textile industry.
The Morrison Foerster team advising from Berlin included: Dr. Jörg Meißner, partner; Dr. Monika Eva Obal, counsel; Ercem Çardak, associate (all Corporate/M&A); Lukas Kawka, counsel (Tax); Heval Mienert, associate; Stephan Kress, counsel (both Commercial/IT/IP); Christin Dunkel, senior associate (Employment); Jasmin Kühner, associate, (Privacy+Data Security); Raffaele Mazza, senior associate (Real Estate); Dr. Felix Helmstädter, partner; and Alexander Eisenfeld, senior associate (both FDI & Sanctions).