IFLR1000

Advent International $3.25 billion acquisition of GE's power unit

28/6/2018
Asset acquisition
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$ 3.25 billion

Announced

28/6/2018

Overview:

  • Advent International has acquired General Electric's Distributed Power unit.
  • Distributed Power produces reciprocating gas engines and power equipment and has manufacturing sites in Austria, Canada and the US.
  • The business recorded sales of more than $1.3 billion in 2017.

Mihail Georgiev - Data analyst

Jurisdictions:

Canada
United States
Luxembourg
United Kingdom
Austria

Deal type:

Asset acquisition

Practice area:

M&A

Governing laws:

United States
Austria
Canada

Industry sector:

Energy

Firms:
A&O Shearman

Party: General Electric (Seller)

Lawyer: Alfred Kossmann (retired)

BSP

Party: Advent International (Acquirer)

Lawyers: Christèle Pierre-Alexandre, Linda Harroch

CERHA HEMPEL

Party: General Electric (Seller)

Lawyers: Alexander Reich-Rohrwig, Clemens Hasenauer, Lorenz Pracht

Milbank

Party: Advent International (Acquirer)

Lawyers: Alex Wang, Mark Stamp, Norbert Rieger, Robert Kennedy

Schoenherr

Party: Advent International (Acquirer)

Lawyers: Markus Piuk, Martin Ebner, Thomas Kulnigg

Stikeman Elliott

Party: Advent International (Acquirer)

Lawyers: Dana Porter, Donald Belovich

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