PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has been advising Bayer AG on the separation and sale of the Animal Health business unit to the U.S. group Elanco Animal Health. The transaction is valued at 7.6 billion U.S. dollars consisting of 5.3 billion U.S. dollars in cash, subject to customary purchase price adjustments, and 2.3 billion U.S. dollars in Elanco stock based on the unaffected 30-day volume weighted average price as of August 6, 2019. The value of the equity consideration is fixed within a 7.5 percent collar. The transaction value represents an implied multiple of 18.8x based on the 12 months EBITDA before special items of Bayer Animal Health as of June 30, 2019.
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided Hornetsecurity GmbH with comprehensive legal advice on the acquisition of the Spanish company Spamina. The respective legal advice also included the structuring and implementation of a capital measure, which finally was executed by Harbert European Growth Capital.
Düsseldorf, June 8th 2018 Together with Menold Bezler Rechtsanwälte Partnerschaft mbB (Menold Bezler), PricewaterhouseCoopers Legal Aktiengesellschaft Rechtsanwaltsgesellschaft (PwC Legal) provided Mayer-Kuvert-network GmbH with comprehensive legal advice on its restructuring. During that process, a family office acquired an 80% majority stake in the owner-run Mayer-Kuvert-network GmbH from its former shareholders. In doing so, the family office […]
Düsseldorf, March 15, 2018 PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and its Czech Partner law firm PwC Czech Republic, as part of a consortium, won the bid to become the legal advisor for the European Global Navigation Satellite Systems Agency (GSA). Together with German law firm Heuking Kühn Lüer Wojtek and Czech law firm Kocián […]
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to international technology group Körber AG on the acquisition of MTC S.R.L, a leading manufacturer of folding lines for tissue paper products. The focus of advice given by the lawyers of PwC Legal was in particular relating to legal due diligence and contract negotiations. In close cooperation with the PwC Legal lawyers, experts from PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC GmbH WPG) advised Körber in particular on the tax and on the financial due diligence.
PwC Legal is strengthening its Corporate Law and Mergers & Acquisitions practice group: on August 1st 2016, Dr Patrick Nordhues joined PwC Legal as a Local Partner at the Essen office. Patrick Nordhues (42) came from the Cologne-based corporate law firm Seitz Rechtsanwälte, where he was Partner in the field of corporate law since 2015. He previously worked at PwC Legal in Düsseldorf for over three years and brings with him a total of ten years of experience at international law
Frankfurt am Main, August 24th August 2016 PwC Legal provided comprehensive legal advice to the graphite and carbon manufacturer SGL Carbon SE on the legal separation of its business unit Performance Products. The planning and realisation of the carve-out in eight countries with regard to corporate and labour law were the focus of the consultation […]
Frankfurt am Main, July 12th 2016 PwC Legal advised Bayerische Landesbank on issuing a promissory note loan of €250 million for the services company Edenred S.A. The loan was arranged by Bayerische Landesbank and Commerzbank AG. It was significantly oversubscribed. The promissory note loans consist of five to seven year tranches (average maturity of 6.1 years) with […]
Frankfurt am Main, May 19th 2016 PwC Legal provided comprehensive legal advice to the private investor Devario Invest GmbH on the sale of its student accommodation portfolio “Headquarter” to the international investor Global Student Accommodation (GSA). The “Headquarter” portfolio consists of four properties in Münster, Dresden, Darmstadt and Frankfurt am Main. The total usable space […]
Frankfurt/Main, 23. December 2014 PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has advised Gerry Weber International AG in its acquisition of all shares in Hallhuber Beteiligungsgesellschaft GmbH and its subsidiary Hallhuber GmbH. PwC Legal offered comprehensive legal advice to the acquirer in matters relating to contract negotiations, antitrust law and due diligence. The transaction is still […]