Mergers and Acquisitions in Europe's Playground
Weekly Directive: Regulation Under Scrutiny
Ready to dive into the high-stakes world of corporate takeovers in Europe? Buckle up, mate, as we spill the beans on the law firms pulling the strings behind some of the region's biggest deals.
Let's kick things off with Oppenhoff and their involvement in Schott's historic acquisition of QSIL Quarzschmelze Ilmenau—the largest corporate acquisition in the company's 140-year history. Sticking around in the glass game, Luther helmed the affairs for QSIL SE in this blockbuster deal.
Over at Louis Dreyfus Company, it's Clifford Chance who assumed the reins, advising them through the acquisition of BASF's Food and Health Performance Ingredients business.
Moving on to the finance scene, White & Case took charge as Adler Group sought to refinance a whopping 1.2 billion euros worth of senior secured bonds. Oh, and Flick Gocke Schaumburg managed the acquisition of Adler Group's North Rhine-Westphalia portfolio by One Investment and Orange Capital.
Freshfields were the ones to steer Software One towards the takeover offer for Crayon, a deal expected to land in the third quarter of 2025 with a jaw-dropping 1.4 billion euros at stake.
Flipping the page to fierce competition, Hengeler Mueller and McDermott Will & Emery joined forces for the acquisition of Procilon Group by Main Capital Partners, with Tresmares riding shotgun on the fund side.
The GSK Stockmann crew were on board for the Hungarian B+N Referencia's acquisition of the Koerbl Group, while Simmons & Simmons supported Gimv, the Belgian financial investor, on the seller's side. The beloved Koerbl family, still standing proud as shareholders and managing directors, enlisted the aid of Hogan Lovells for the ride.
Speaking of family businesses, Gleiss Lutz assisted Welle Holding with succession planning for the illustrious names like Bürstadt Furniture, Leicht Küchen, and Paidi, with private equity firm Orlando Capital backing the play.
Latham & Watkins lined up alongside investment manager Ares to finance the partnership between Summitas and BVUK, while Goodwin jumped on deck for Terras Group's refinancing transaction.
Greenberg Traurig cheered on Howoge during the acquisition of the Konnekt / Georg-Knorr-Park project in Berlin-Marzahn, and DLA Piper was there every step of the way in the 152 million euros growth investment for the gaming group Aonic.
Last but not least, Norton Rose Fulbright escorted the British insurance intermediary PIB Group through the acquisition of Contego, a financial and insurance broker based in Munich.
Although we didn't catch wind of any M&A projects from Schoenherr Attorneys at Law and NautaDutilh in Q2 2023, these powerhouses are no strangers to Europe's M&A scene—watch out for their upcoming moves! As for specific details on Q2 deals, you'll likely have to wait for the chronicles of 2023 to be penned. For now, enjoy this rollercoaster ride, and stay tuned for more thrilling M&A insights! 💥💰🤑🚀 stayed tuned for more thrilling M&A insights!
- The finance firm Freshfields was responsible for the takeover offer for Crayon, a deal worth an estimated 1.4 billion euros.
- In the industry of real estate, GSK Stockmann assisted B+N Referencia with the acquisition of the Koerbl Group.
- In the business refinancing scene, Flick Gocke Schaumburg managed the acquisition of Adler Group's North Rhine-Westphalia portfolio by One Investment and Orange Capital.
- Latham & Watkins and investment manager Ares collaborated on financing the partnership between Summitas and BVUK in a deal within the finance industry.
