Dr. Samuel Frommelt

Kirkland & Ellis advised the bidding consortium led by Advent, Cinven and the RAG-Stiftung (RAG foundation) on the acquisition of the elevator division of thyssenkrupp AG. This is expected to be the largest-ever European buyout transaction to date. thyssenkrupp will reinvest part of the purchase price in a reverse stake in the elevator technology business. thyssenkrupp Elevator is a leading international provider of elevator technology with operations in more than 1,000 locations worldwide. Headquartered in Germany, the Group generated revenues of €8.0 billon in the financial year 2018/2019. The transaction is expected to close by the end of the third quarter of 2020, subject to customary closing conditions and regulatory approvals. Read the company press releases from Advent and Cinven The Kirkland team was led by Private Equity/M&A partners Benjamin Leyendecker, Philip Goj and Adrian Maguire, and included Private Equity/M&A partners Attila Oldag, Mark Aschenbrenner, David Higgins, Jacob Traff, Volkmar Bruckner and Rongjing Zhao; finance partners Chris Shield and Hugh O'Sullivan; capital markets partners Matthew Merkle, Michael Taufner and Shawn Anderson; tax partners Oded Schein, Daniel Hiemer, Sara Zablotney and Russel Light; competition partners Sarah Jordan, Matthew Sinclair-Thomson and Annie Herdman; IP & technologies partner Emma Flett and Joanna Thomson; internal trade partner Shawn Cooley supported by private equity/M&A associates Sebastian Häfele, Samuel Frommelt, Angelina Seelbach, Christina Albath and David Huthmacher.

Feb 28

1 min

Kirkland & Ellis advised C.H. Guenther & Son LLG (CHG) on the acquisition of Wback GmbH (Wback) from German mid-market investor Halder. Headquartered in Bönen, Germany, Wback is one of the most modern large-scale bakeries for soft rolls in Europe. Financial terms of the transaction were not disclosed. Founded in 2003, Wback supplies leading quick-service restaurants (QSRs) and food retailers from its two state-of-the-art manufacturing facilities in Bönen and Leipheim, Germany. CHG, a San Antonio-based producer of branded and private-label food products, is owned by Pritzker Private Capital (PPC) along with management and other co-investors. With the acquisition, CHG now has more than 3,500 employees in 22 food manufacturing locations in the U.S., Canada and Western Europe. PPC acquires and operates middle-market companies based in North America with leading positions in the manufactured products, services and healthcare sectors. Kirkland & Ellis advised C.H. Guenther with the following team: Benjamin Clinger, Adam Wexner (both M&A/Private Equity, Chicago), Benjamin Leyendecker, Thomas Krawitz (Corporate/M&A, Munich), Michelle Kilkenny, Katie Bolanowski (both Debt Finance, Chicago), Oded Schein (Tax, Munich), Sarah Jordan, Thomas Wilson (both Antitrust, London), Alexandra Farmer (Environmental Transactions, Washington); Associates: Greta-Josefin Harnisch, Samuel Frommelt (both Corporate/M&A), Daniel Hiemer (Tax), Katharina Hohmann (Finance, all Munich), Aaron Newell (Environmental Transactions, Washington), Carolyn Aiken (Debt Finance, Chicago)

Feb 8

1 min

Kirkland & Ellis advised Apax Partners on the acquisition of a majority stake in ADCO Group, the global market leader in the mobile sanitary unit sector. Founded approximately 45 years ago in Germany, ADCO Group operates the DIXI® and TOI TOI® brands providing portable toilet and sanitation equipment rental and services worldwide. With 49 operating companies and more than 4,000 employees, ADCO is represented in 28 countries worldwide. The Kirkland team was led by transactional partners Rory Mullarkey in London and Attila Oldag and Thomas Krawitz in Munich, and supported by London associates Rachel Greenhalgh and Sharon Skipper and Munich associates Samuel Frommelt and Angelina Seelbach; Munich finance associates Rositsa Nacheva and Katharina Hohmann; Munich tax partner Oded Schein; and London regulatory partner Prem Mohan.

Aug 5

1 min

Kirkland & Ellis advises Bain Capital Private Equity (Europe) LLP and Cinven Partners LLP on a public delisting tender offer for all remaining shares of STADA Arzneimittel AG. The offer price equals to the six months weighted average stock exchange price estimated to be EUR 81.83 per STADA share. The total value of the offer amounts to approx. EUR 1.8 billion. Two shareholders under joint control have already undertaken to accept the offer with all shares held by them (approx. 12 percent of the outstanding STADA shares). STADA was also instructed to apply for the revocation of the admission of all STADA shares and STADA bonds to stock exchange trading. The delisting shall enable STADA to save the costs related to the stock exchange listing and to reduce the regulatory expenses. Funds jointly held by Bain Capital and Cinven control Nidda Healthcare GmbH, which is currently STADA's majority shareholder with around 65 percent of STADA's shares. In December 2017, Nidda Healthcare entered into a domination and profit and loss transfer agreement with STADA, which became effective in March 2018. Read more about the transaction in the company press release. The Kirkland team was led in Munich by corporate partners Benjamin Leyendecker and Jörg Kirchner and associates Philip Goj and Samuel Frommelt; capital markets partner Anna Schwander and associate Isabel Ruttloff; and in London by finance partners Neel Sachdev and Daniel Borg; capital markets partner Matthew Merkle; and corporate partner Jacob Traff and associates Stefan Arnold-Soulby, Derrick Sutter and Lloyd Jones.

Oct 2

1 min

The Legal 500 has awarded Sidley six practice area rankings and 18 lawyer recommendations in The Legal 500 Europe, Middle East and Africa 2024 guide. The firm has been recognized for: Competition: EU and Global – Belgium EU regulatory: Pharma, Medical Devices and Biotech – Belgium PE Transactions: Mid-Sized Deals (€100m-€500m) – Germany Restructuring – Germany Industry focus: Healthcare and Life Sciences – Switzerland WTO – Switzerland Notably, Kolja von Bismarck has been ranked in the “Hall of Fame.” Additionally, Andreas Steiger and Dr. Patrick Schulz have been included as “Next Generation Partners.” The Legal 500 Europe, Middle East and Africa annually recognizes the leading law firms and lawyers in the region and is based on an analysis of law firm submissions and interviews with general counsels and private practice lawyers.~~The Legal 500 has awarded Sidley six practice area rankings and 18 lawyer recommendations in The Legal 500 Europe, Middle East and Africa 2024 guide. The firm has been recognized for: Competition: EU and Global – Belgium EU regulatory: Pharma, Medical Devices and Biotech – Belgium PE Transactions: Mid-Sized Deals (€100m-€500m) – Germany Restructuring – Germany Industry focus: Healthcare and Life Sciences – Switzerland WTO – Switzerland Notably, Kolja von Bismarck has been ranked in the “Hall of Fame.” Additionally, Andreas Steiger and Dr. Patrick Schulz have been included as “Next Generation Partners.” The Legal 500 Europe, Middle East and Africa annually recognizes the leading law firms and lawyers in the region and is based on an analysis of law firm submissions and interviews with general counsels and private practice lawyers.

Mar 27

1 min