The Riga office of LAWIN has advised ABB on Latvian aspects — including business transfer, HR, commercial, and corporate issues — related to the acquisition of its Full Service business unit by Nordic Capital Fund VIII.
White & Case and Baker & McKenzie played lead roles in negotiating and executing the acquisition, which ultimately involved 28 different jurisdictions, with White & Case representing the ABB automation technology group, and Baker & McKenzie representing the purchaser Nordic Capital.
ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in 100 countries and employs about 145,000 people.The ABB Full Service business unit is a leader in industrial maintenance outsourcing services in Europe, with a particularly strong position in the Nordic region, and a global presence employing over 2,500 service professionals in 30 countries around the world.
The LAWIN team was led by Partner Filips Klavins and Associate Reinis Sokolovs.
Stockholm-based Partner Mats Sacklen led Baker & McKenzie’s team on the global deal, along with Partner Anders Fast. They were assisted by Senior Associate Jannan Crozier in the Firm’s London office, among many others.
The White & Case team was led by Helsinki-based Partner Timo Airisto. Airisto was assisted by Partners Janko Lindros, Alexandre Jaurett, Bertrand Liard, Nicholas Greenacre, and Peita Menon, and Associates Alli Soralahti, Joose Tolonen, Leo Catafau Castellet, Jean Paszkudzki, Sarah Taylor, David Nisbet, and Laura Hoyland, among many others.
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