Linklaters advises HOLCIM on acquisition of Xella

Linklaters advises Holcim on its proposed acquisition of Xella, a European market leader in sustainable and innovative walling systems, from US-based private equity investor Lone Star. The transaction value amounts to EUR 1.85 billion.

The consummation of the acquisition is subject to customary conditions and regulatory clearances and is expected for H2 2026.

The Linklaters team is led by Marco G. Carbonare (Partner, Corporate/M&A, Frankfurt), Martina Farkas (Partner, Corporate/M&A, Munich), Dominic da Gama Campos (Partner, Corporate/M&A, London), Christoph Barth (Partner, Antitrust & Foreign Investment, Düsseldorf) and Dominik Wegener (Managing Associate, Corporate/M&A, Munich).

Other team members include Matthew Devey (Partner, Employment, Frankfurt), Jamie Coomber (Partner, Tax, London), Oliver Rosenberg (Partner, Tax, Düsseldorf), Przemyslaw Lipin (Partner, Banking, Frankfurt), George Casey (Partner, Global Chairman of Corporate, Corporate/M&A, New York), Heiko Schiwek (Partner, Corporate/M&A, New York), Joseph R. Profaizer (Partner, Litigation, Arbitration & Investigations, Washington, D.C.), Markus Appel (Partner, Public Commercial Law, Berlin), Dr. Jana Hager (Partner, Public Commercial Law, Berlin), Manfred Müller (Partner, Corporate/M&A, Luxembourg), Sinziana Ianc (Counsel, Antitrust & Foreign Investment, Düsseldorf), Atif Wolfgang Bhatti (Counsel, IP/TMT, Frankfurt), Jane Jin (Managing Associate, Corporate/M&A, London), Patrick Fincham (Managing Associate, Corporate/M&A, London), Morgane Amiot (Managing Associate, Corporate/M&A, Luxembourg), Dr. Luca Rawe (Managing Associate, Employment, Düsseldorf/Frankfurt), Lasse Petersen Weis (Managing Associate, Banking, Frankfurt), Gallus Vögel, Jaqueline Fernandes, Volodymyr Yakubovskyy (all Associates, Corporate/M&A, Frankfurt), Ellie Millar (Associate, Corporate/M&A, London), Fabian Bernhart, Iuliia Matveieva (both Associates, Corporate/M&A, Munich), Ruiwen Chen (Associate, Corporate/M&A, Paris), Hida Ozveren (Consultant, Corporate/M&A, Luxemburg), Dr. Alexander Fuchs (Associate, Antitrust & Foreign Investment, Düsseldorf), Mihai Victor Puskás, Jihane Mirode, Charlotte Struyf (Associates, all Antitrust & Foreign Investment, Brussels), Bianca Grujcic, Erasmia Petousi (both Associates, Antitrust & Foreign Investment, London), Laura Dürr (Associate, Employment, Frankfurt), Julia Tolmach-Kirst (Associate, Real Estate, Frankfurt), Florian Kopp (Associate, Public Commercial Law, Berlin), Dr. Jens Weuthen (Associate, Environmental and Planning Law, Berlin), Nick Burgold, Felix Wichert, Antonia Mertens (all Associates, TMT, Frankfurt), Charlotte Kieslich (Associate, Litigation, Arbitration & Investigations, Frankfurt), Eoghan McKenna (Associate, Tax, London) and Nursel Tevetoglu (Senior Legal Project Manager, Frankfurt).