M&A, private equity and other complex transactions from across the globe
Key deals led by Baker McKenzie lawyers in October and November 2024 include:
Acuity Brands – Advised Acuity Brands in its agreement to acquire QSC for USD 1.215 billion. Learn more about the transaction here. Lead lawyers: Darcy Down (Los Angeles) and Leif King (Palo Alto).
Arabian Mills for Food Products Company (Arabian Mills) – Advised Arabian Mills on its Regulation S initial public offering (IPO) on the main market of the Saudi Exchange (Tadawul). The implied market capitalization of Arabian Mills at listing is estimated to amount to SAR 3,387 million (~USD 903 million). The IPO was oversubscribed, indicating a strong level of demand. Click here to learn more. Lead lawyers: Mohammad Al Rasheed, Ayatt Ashour, Bayan AlDaej (Dubai) and Charles Farnsworth (London)
ArcelorMittal – Advised ArcelorMittal, through the joint operation platform Baker McKenzie FenXun, on the signing of agreements with Hong Kong-listed China Oriental Group to establish two joint ventures for the production of HRC substrates and new energy soft magnetic material products. The total investment for the two joint ventures amounts to USD 2.66 billion. Learn more about the transaction here. Lead lawyer: Cherrie Shi (Shanghai)
Bangkok Bank Public Company Limited, Bank of Ayudhya Public Company Limited, Krung Thai Bank Public Company Limited and Standard Chartered Bank (Thai) Public Company Limited – Advised the joint lead managers on the successful offering of the inaugural issuance of up to THB 30 billion (~USD 870 million) sustainability-linked bonds (SLBs) for the Kingdom of Thailand. This landmark issuance is the first sovereign SLB issue in Asia. Click here to learn more. Lead lawyers: Kowit Adireksombat (Bangkok) and Ashok Lalwani (Singapore)
Berlin Packaging – Advising Berlin Packaging, a portfolio company of Oak Hill Capital Partners and the Canada Pension Plan Investment Board, on its acquisition of RIXIUS AG, a German supplier specialized in rigid packaging for the industrial end market. The acquisition is the Berlin Packaging's first acquisition in Germany and part of its European growth strategy. Learn more about the deal here. Lead lawyer: Daniel Dehghanian (Düsseldorf)
Daiwa House Industry Co., Ltd. (Daiwa House) – Advised Daiwa House on a minority investment in Alliance Residential Company, one of the largest and most active rental residential real estate developers in the US. Click here to learn more about the deal. Lead lawyer: Tetsuo Tsujimoto (Tokyo)
Emirates NBD Bank PJSC, Goldman Sachs International, HSBC Bank plc, J.P. Morgan Securities plc and Merrill Lynch International – Advised the joint bookrunners on Zorlu Enerji’s debut Rule 144A/Reg S USD 800 million senior guaranteed sustainability-linked notes issuance. The transaction was one of the largest issuances in the region and the seventh bond issuance out of Türkiye that the Baker McKenzie team has acted on in 2024. Click here to find out more. Lead lawyers: Megan Schellinger and Rob Mathews (London)
Enilive S.p.A. – Advised Enilive, an ENI Group company dedicated to biorefining, biomethane production, smart mobility solutions, and the marketing and distribution of all energy carriers for mobility, in its joint venture with Petroliam Nasional Berhad (PETRONAS) and Euglena Co., Ltd. to develop a biorefinery within PETRONAS' Pengerang Industrial Site in Johor, Malaysia. Learn more about the transaction here. Lead lawyer: Paolo Ghiglione (Milan)
Haier Smart Home - Advised Haier Smart Home, a global leader in consumer electronics and home appliances, on the closing of the acquisition of Carrier Global Corporation's commercial refrigeration business for an enterprise value of approximately USD 775 million. Click here to find out more. Lead lawyers: Marco Marazzi, Margherita Pasi, Lorenza Mosna (Milan), Felix Werner (Frankfurt), Koen Bos (Amsterdam) and Cynthia Cole (Palo Alto)
H. Lundbeck A/S (Lundbeck) – Advising Lundbeck in its USD 2.6 billion acquisition of Longboard Pharmaceuticals, Inc. The proposed acquisition represents a significant step forward in Lundbeck’s Focused Innovator strategy, adding an innovative and complementary product in late-stage development for Developmental and Epileptic Encephalopathies (DEEs). Learn more about the transaction here. Lead lawyers: Alan Zoccolillo (New York), Piotr Korzynski (Chicago), Randall Sunberg (New York) and Gwen Karanadze (New York)
UBE Corporation – Advising UBE Corporation, a leading Japanese chemical company, on its acquisition of LANXESS' Urethane Systems business for approximately EUR 460 million (~USD 500 million). Learn more about the transaction here. Lead lawyers: Dr. Johannes M. Baumann (Frankfurt), Christian Atzler (Frankfurt), Tetsuo Tsujimoto (Tokyo).