Global law firm Clifford Chance has advised Continental AG on the sale of its ContiTech business area to an affiliate of Lone Star Funds. The purchase price is €4 billion, plus performance-related components of up to €250 million in subsequent years. Completion of the transaction is subject to regulatory approvals.
With the sale of ContiTech, Continental is completing its strategic realignment and will in future focus fully on its tire business. Lone Star Funds will acquire all of ContiTech’s global business activities.
ContiTech is one of the world’s leading industrial specialists for materials solutions and has around 22,000 employees. In the 2025 financial year, the company generated revenue of approximately €4.4 billion. ContiTech has strong materials and technology expertise in products and systems made from rubber and thermoplastic materials and serves a wide range of industrial end markets, including mining, energy, construction and infrastructure, off-highway and mobility applications, and industrial manufacturing.
Lone Star Funds is a leading investment firm and adviser to funds that invest globally in private equity, credit and real estate. The firm has extensive experience in the industrial sector and in complex transactions.
The Clifford Chance team was led by partners Nicole Englisch and Jörg Rhiel and included counsel Max Alles, senior associate Max Petzelberger, associate Marie Burckhardt (all Corporate/M&A, Munich and Frankfurt) and legal project manager Milena Mühlenkamp (Düsseldorf).
Further support was provided by partner Holger Lutz, counsel Tobias Born (both Frankfurt), associate Anna-Lena Bußer (New York), counsel Grégory Sroussi and associate Antoine Tong (both Paris), and senior associate Ji Zhang (Beijing; all Tech Digital); partner Dimitri Slobodenjuk, counsel Arne Gayk and associate Lisa Rotterdam (all Antitrust, Düsseldorf); partner Claudia Milbradt, counsel Nicolas Hohn-Hein and associate Anika Vollborn (all IP, Düsseldorf); partner Dominik Heß and of counsel Frank Scholderer (Corporate, Düsseldorf and Frankfurt), counsel Cord von Mandelsloh, partner Edward Page and director Paul Harrington (all Tax, Düsseldorf and London), partners Reuven Falik (New York) and Sebastian Ritz, associates Thilo Brune and Mara Gnanko (all Düsseldorf; all Employment), partner Dennis Blechinger and counsel Amrei Fuder (both Real Estate, Munich and Frankfurt) as well as numerous other lawyers from across the Clifford Chance network.
