IFLR1000

Blackstone and KIRKBI €960 million acquisition of Armacell

30/11/2015
Private acquisition
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€ 960 million

$ 1.048 billion

Announced

30/11/2015

Overview:

  • Private equity funds managed by Blackstone and KIRKBI have acquired Armacell from Charterhouse for approximately €960 million.
  • Armacell is producer of insulation for equipment. The company has 2600 employees and has 23 manufacturing plants in 16 countries.

Sam Duke - Editor

Jurisdictions:

Germany
United Kingdom

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Industrials and manufacturing

Firms:
Dentons

Party: Blackstone (Acquirer)

Lawyer: Nicholas Plant

Gleiss Lutz

Party: Blackstone (Acquirer)

Lawyer: Martin Viciano Gofferje

Hengeler Mueller

Party: Charterhouse (Seller)

Lawyers: Hans-Jörg Ziegenhain, Nikolaus Vieten

Hogan Lovells

Party: KIRKBI (Acquirer)

Lawyers: Ed Harris, Matthias Hirschmann

Scotto Partners

Party: Armacell (Target)

Lawyer: Isabelle Cheradame

Simpson Thacher & Bartlett

Party: Blackstone (Acquirer)

Lawyers: Antti Pesonen, Clare Gaskell, Gil Strauss

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