Homburger advised Messer and CVC on acquisition of parts of Linde's business
On July 16, 2018, Messer Group GmbH, the largest privately held industrial gases specialist (Messer), and financial investor CVC Capital Partners Fund VII (CVC) announced the acquisition of most of Linde AG’s gas business in North America and individual business activities of Linde AG in South America.
The joint venture between Messer and CVC will be named MG Industries and will operate under the Messer brand. As part of the transaction, Messer will contribute its Western European operating companies into MG Industries.
The transaction is subject to the successful completion of the proposed merger between the industrial gases companies Linde AG and Praxair, Inc. and the approval of the relevant antitrust authorities.
Homburger advised Messer and CVC on all Swiss law aspects of the transaction. The Homburger team was led by partner Daniel Hasler (Corporate / M&A) and included counsel Peter Müller (Tax), associates Nina Hagmann, Sarah Chevalley, Dzevrije Zendeli (all Corporate / M&A) and junior associate Fabiana Wichert (Corporate / M&A).