April 07, 2020
Latham & Watkins advised the EQT VIII fund (EQT) on financing arrangements to enter exclusive negotiations to acquire Schülke & Mayr GmbH (schülke), a leading provider of hygiene solutions and a subsidiary of Air Liquide S.A. (Air Liquide).
The transaction is subject to the final and definitive agreement between the parties and will be carried out in the framework of the relevant social processes, including ongoing dialogue with the employee representatives’ bodies. The deal will be subject to antitrust and foreign investment clearances.
schülke is a pioneer in the infection prevention industry with 130 years of experience, protecting lives worldwide by providing critical products for global disease prevention. In the short term, EQT will support schülke in its immense efforts to contribute to the fight against the COVID-19 pandemic by increasing the supply of urgently needed disinfectants.
Latham’s London team was led by finance partner Dominic Newcomb, with counsel William Lam and associate Michael Spurritt. The Munich team was led by finance partner Thomas Weitkamp, with associate Philipp Büchler.