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Latham Advises CVC on the Sale of Its Shares in Messer Industries

May 31, 2023
Cross-border team represents the private equity and investment advisory firm on the transaction.

Latham & Watkins has advised CVC Fund VII advised by CVC Capital Partners (CVC), on the sale of its stake in Messer Industries. Industrial gasses specialist Messer will become the sole owner of the joint venture Messer Industries. The transaction is subject to regulatory approvals and is expected to be completed by year end 2023.

Messer Industries was a strategic partnership between CVC and Messer to acquire the gases business of Linde AG in North America, as well as individual business activities of Linde and Praxair in South America. Messer contributed to the majority of its Western European activities.

Latham & Watkins regularly advises CVC on transactions. A team led by partner Oliver Felsenstein advised CVC on its entry into the joint venture with Messer in 2019.

The Latham team was led by Frankfurt partners Oliver Felsenstein and Leif U. Schrader, with associates Sönke Bock and Michele Maurice Stephan. Advises was also provided on finance matters by Frankfurt partner Alexandra Hagelüken; and on antitrust matters by Washington, D.C. partner Amanda Reeves and Hamburg counsel Jana Damman de Chapto.