Latham & Watkins advises Consolis in the disposal of its Rail division to TowerBrook
Consolis, a European leader in precast construction solutions, announced that it had received a binding offer for its Rail division from TowerBrook Capital Partners L.P., an international investment management firm.
The Rail business consists of a portfolio of brands that are leaders in their local markets, designing and manufacturing sleepers and other precast concrete products for railways for close to 100 years.
This project is subject to social dialogue with employees’ representatives, customary antitrust and regulatory approvals. Consolis will continue to operate the Rail business until completion of the transaction, which is expected in the course of H1 2021.
Latham advises Consolis in this transaction with a Paris corporate team led by partner Denis Criton with Elise Pozzobon, Louise Gurly, Xiaocai Fu and Morgane Chaloin. Partner Jean-Luc Juhan advises on commercial contracts aspects; partner Lionel Dechmann with Olivier Stefanelli advise on financing aspects; partner Adrien Giraud with Wenceslas Chelini on antitrust aspects; partner Olivia Rauch-Ravisé with Cécile Mariotti on tax aspects, partner Myria Saarinen with Camille Dorval on data protection aspects and, Célia Gallo on employment aspects.