Ingersoll Rand Plc, a leading global manufacturer of air-conditioning systems, has entered into an agreement to acquire FRIGOBLOCK fom its founder Peter Grosskopf. The acquisition is expected to close in the first half of 2015, subject to regulatory approval. The transaction value amounts to EUR 100 million.
Baker & McKenzie advised Ingersoll Rand Plc with an international team of lawyers from Germany, London and Brussels on all M&A / corporate law, antitrust law, labor law, IP law and tax law issues.
Dr. Nikolaus Reinhuber, head of the German M&A practice and leading transaction partner, commented: "For our client Ingersoll Rand, the acquisition strategically strengthens the area of transport refrigeration under the well-established brand Thermo King, in particular with regard to efficient and environmentally-friendly know-how."
Ingersoll-Rand plc is a NYSE-listed, international, conglomerate based in Dublin, Ireland, and its US headquarters in Davidson, North Carolina. The group primarily offers products and integrated solutions for air quality improvement and transport and safety of food and other perishable goods.
FRIGOBLOCK was founded in 1978, and quickly developed to a strong manufacturer of transport refrigeration units in Germany. The name FRIGOBLOCK became the brand name for unsurpassed powerful, environmentally friendly and cost-saving transport refrigeration units.
Baker & McKenzie's Corporate/M&A team regularly advises strategic investors on cross border transactions and restructurings. Most recently, Baker & McKenzie advised Flowserve Corporation on a bid for the acquisition of SIHI-Group, Heidelberger Druckmaschinen on a strategic partnership with a Chinese manufacturer, QST International Corp. on the acquisition of ESKA Automotive, KSPG AG on a joint venture with Huayu Automotive Systems Co., Ltd. as well as Meibah International GmbH on the public takeover of Schumag AG. The firm's track record also includes advising Sulzer AG on the sale of its Metco division to OC Oerlikon, Knorr-Bremse on the acquisition of Transtechnik and the PCS Power Converter Solutions and Weichai Power with regard to their strategic partnership with Kion.
Legal Advisor Ingersoll Rand Plc:
Baker & McKenzie
Lead:
Corporate/M&A: Dr. Nikolaus Reinhuber (partner, Frankfurt)
Team:
Corporate/M&A: Tilman Wink (senior counsel, Frankfurt), Maria Eger (associate, Frankfurt), Jannan Crozier (senior associate, London)
Competition: Christian Horstkotte (partner, Dusseldorf), Fiona Carlin (partner, Brussels), Nina Niejahr (Counsel, Brussels), Sophia Real (associate, Brussels), Ghazale Mandegarian (associate, Brussels)
Regulatory Economics: Dr. Stephan Schnorberger (partner, Dusseldorf), Dr. Jens Rubart (senior economist, Dusseldorf)
Real Estate: Dr. Florian Thamm (partner, Dusseldorf), Dr. Daniel Bork (associate, Dusseldorf)
Tax: Christoph Becker (partner, Frankfurt)
Employment: Dr. Hagen Koeckeritz (partner, Frankfurt), Annekathrin Haffke (associate, Frankfurt), Dr. Sandra Stahl-Bock (associate, Frankfurt)
Commercial: Katharina Spenner (partner, Munich), Joachim Froehlich (Counsel, Munich)
IP: Dr. Benjamin Koch (partner, Munich), Christina Loizou (associate, Munich), Dr. Frederike Kerl (senior associate, Frankfurt), Markus Hecht (associate, Frankfurt)
Environmental: Dr. Julia Pfeil (senior associate, Frankfurt)
