Deal Digest: Q3 2024

M&A, private equity and other complex transactions from across the globe

Key deals led by Baker McKenzie lawyers in July, August and September 2024 include:

• Baxter – Advised Baxter International, a global medtech leader, on Carlyle's acquisition of Baxter's Kidney Care segment, to be named Vantive, for USD 3.8 billion. Click the link to learn more. Lead lawyers: Olivia Tyrell and Christina Bullock (Chicago).
• BD (Becton, Dickinson and Company) – Advised BD, a leading global medical technology company, as international counsel on BD's USD 4.2 billion acquisition of Edwards Lifesciences' Critical Care business, which will be renamed as BD Advanced Patient Monitoring. The complex carve-out, a deal spanning 40 countries, was completed in three months. Learn more about the transaction here. Lead lawyers: Helen Mantel, Elizabeth Ebersole and Ashley Newsome (Chicago), Kim Franko and Amir-Kia Waxman (New York), and Jeremy Poore (London).
• Carlsberg – Advised global brewer, Carlsberg, on its ~ USD 4.2 billion recommended cash acquisition of soft drinks business, Britvic. Learn more about the deal here. Lead lawyer: Nick Bryans (London)
• Credivalores – Advised Credivalores – Crediservicios S.A. (Credivalores) in connection with an exchange offer and Chapter 11 Pre-packaged Plan of Reorganization related to extend maturities on its bonds. It is the first-of-its-kind and described as representing a fundamental shift in the balance of power between activist debt funds and distressed debtors. Learn more about the deal here. Lead lawyers: Mike Fitzgerald, Arturo Carrillo and Steven Sandretto (New York) and Paul Keenan (Miami)
• CS Energy – Advised CS Energy Ltd on its AUD 1.3 billion (USD 860 million) acquisition of the Lotus Creek Wind Farm Project, planned to be operational in 2027, from Copenhagen Infrastructure Partners. Click the link to learn more. Lead lawyer: Tanya Denning (Brisbane)
• EquipmentShare – Advised EquipmentShare on its USD 500 million senior secured second lien notes offering. Click the link to learn more. Lead lawyers: Marc Paul (Washington, DC), Rob Mathews (London) and Benjamin Bierwirth (London), Adam Buehler (Miami)
• Eutelsat – Advising Eutelsat Group, a global leader in satellite communications, on its exclusive negotiations for the carve-out and partial sale of its passive ground segment infrastructure assets to EQT via its EQT Infrastructure VI fund. Learn more about the deal here. Lead lawyers: Robert Adam, Joanna Hewitt, David Hart and Charles Whitefoord (London)
• Global New Material International – Advised Global New Material International in its agreement to acquire Merck KGaA's global surface solutions business unit for EUR 665 million. Click the link to learn more. Lead lawyers: Christian Atzler (Frankfurt), Jeff Xu (Shanghai), Derek Poon (Hong Kong) and Patrick Wilkening (Düsseldorf)
• Methanex Corporation – Advising Methanex on the antitrust aspects of its acquisition of OCI Global's international methanol business for USD 2.05 billion. Learn more about the deal here. Lead lawyers: Brian Burke (Washington, DC), Samantha Mobley (London), Kurt Haegeman and Tom Jenkins (Brussels).
• Saab – Advised Saab on a further investment into Helsing, a defense company specializing in AI-based software technologies. Click the link to learn more. Lead lawyer: Ulrich Weidemann (Frankfurt)