Berlin-Global law firm Dentons has advised numerous national and international banks and savings banks in their capacity as promissory note holders of IFA Holding GmbH in connection with the sale of the IFA Group to Neapco, a leading global provider of powertrain solutions. The seller is the Munich-based industrial group Aequita, which acquired the IFA Group in mid-2022.

The merger with Neapco is expected to create one of the world's largest companies for powertrain systems, with more than 5,000 employees worldwide and revenue of approximately two billion U.S. dollars. Neapco is headquartered in the U.S. and develops powertrain products for cars, commercial vehicles, as well as agricultural and industrial applications.

The sale was preceded by a successful restructuring process under the StaRUG, which enables restructuring outside of insolvency. The promissory note creditors will be repaid from the proceeds of the sale. The competent local court confirmed the restructuring plan on March 4, 2026, thereby clearing the way for the sale to proceed.

Dentons started advising the aforementioned group of creditors during the comprehensive restructuring of the automotive supplier in the summer of 2019 and has since represented them during the sale of IFA to Aequita in 2022, the subsequent restructuring through 2026, and the current sale process.

With approximately 2,200 employees, the IFA Group is one of the leading manufacturers of drive shafts and propeller shafts for renowned national and international automakers, with production sites in Germany, Poland, China, and the U.S. Headquartered in Haldensleben, IFA is among the top-revenue-generating companies in Saxony-Anhalt.

Advisors to the promissory note holders:

Dentons (Berlin/Düsseldorf): Andreas Ziegenhagen (Lead Partner, Restructuring, Berlin/Frankfurt), Dr. Detlef Spranger (Counsel, Berlin), Tobias Schröter (Senior Associate, Düsseldorf), Jacob Nicolaus, Karl Berner, Jan Milz (all Associate, all Restructuring, all Berlin).

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com