Linklaters advises Linde on the sale of business units to Messer/CVC

Munich, 17th July 2018. Linklaters provided legal advice to industrial gas producer Linde on the sale of business units to a consortium of Messer Group and financial investor CVC Capital Partners Fund VII in connection with Linde’s merger with Praxair.

“A carve-out process of such magnitude is tremendously challenging”, says Dr Timo Engelhardt, M&A partner and Industrials sector leader at Linklaters LLP, adding, “For such a huge project you not only need comprehensive legal expertise across continents but also great project management skills. That’s what Linklaters stands for.”

Last year, the Munich-based Linde Group and its American peer Praxair agreed on a merger. In order to obtain merger clearances, Linde has now sold business units worth €2.8 billion to Messer/CVC.

Linklaters was not only involved in the sales process but comprehensively assisted Linde in the carve-out process, too. In addition, Linklaters has provided antitrust advice throughout the entire merger project.

A Linklaters team led by Dr Timo Engelhardt (Corporate M&A, Munich) as well as Thomas A. McGrath (Antitrust, New York) and Bernd Meyring (Antitrust, Brussels) and advised on the divestment.

A Linklaters team of more than 250 lawyers led by Dr Timo Engelhardt (Corporate, Munich) regarding M&A advice and Thomas A. McGrath (Competition/Antitrust, New York), Bernd Meyring (Competition/Antitrust, Brussels) and Matthew Devey (Employment, Frankfurt) regarding antitrust advice, supported by Martina Farkas, Dr Ruprecht Freiherr von Maltzahn (both Corporate, Munich) as well as Antonia Sherman (Antitrust, Washington), Nick Marshall (Employment, London) and John Eichlin (Antitrust, New York), advised on the transaction.

The additional sub teams were led by (1) Andreas Schaflitzl (Tax, Munich) and David Brockway (Tax, Washington), (2) Pieter van den Broecke and Tom De Coster (both IP, Brussels), (3) Richard Cumbley and Rich Jones (both TMT, London), (4) Alberto Luzarraga (Corporate, New York/São Paulo) and Josh Feit (Corporate, New York), (5) Konrad Berger (TMT, Munich) and Christopher Quinn (Corporate, Warsaw), (6) Roger Barron and Margot Lindsay (both Corporate, London) as well as Vijaya Palaniswamy and Francis McCabe (both Projects, New York).