M&A Year in Review 2023 brochure - Flipbook - Page 41
| M&A Year in Review | 2023
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We advised Beijer Ref AB, one of the largest heating,
ventilation, air conditioning, and refrigeration (HVACR)
distributors in the world, on its US$1.275 billion
acquisition of Heritage Distribution Holdings.
We advised China Baowu Steel Group, the world’s
largest steelmaker, on its multibillion investment in
the Simandou mining and infrastructure project in the
Republic of Guinea.
The acquisition, which was Beijer Ref’s entry into the
North American market, establishes the company as
a leading HVACR distributor in the Southeastern and
Midwestern United States.
The Simandou iron ore project is reportedly the largest
mining and infrastructure project in Africa, which
involves partners including Rio Tinto, Chinalco, Winning
International Group, and the Government of Guinea.
Lawyers in our Denver o昀케ce led the transaction, with
support from our Colorado Springs, London, New York,
Philadelphia, San Francisco, and Washington, D.C.
o昀케ces and our antitrust, capital markets, employment,
environment, intellectual property, international trade,
privacy and cybersecurity, real estate, and tax practices.
Lawyers in our Beijing o昀케ce led the transaction, with
support from our Düsseldorf, Hong Kong, London, Paris,
Shanghai, Singapore, Warsaw, and Washington, D.C.
o昀케ces and our antitrust, banking, infrastructure and
projects, international trade, litigation, private equity,
real estate, regulatory, and tax practices.
We advised ITT, a diversi昀椀ed manufacturer of
highly engineered critical components and customized
technology solutions, on its acquisition of Svanehøj
Group A/S, a supplier of pumps aftermarket services.
We advised Stahl, a global provider of coatings
technologies headquartered in the Netherlands, on
its acquisition of ICP Industrial Solutions Group, a
company that o昀昀ers a comprehensive portfolio of highperformance coatings used primarily in packaging and
labeling applications.
Svanehøj will become part of ITT’s Industrial
Process segment, a global leader in 昀氀ow focused
on highly engineered pumps, valves, and aftermarket
services.
Lawyers in our London o昀케ce led the transaction, with
support from our Beijing, Paris, Singapore, Tokyo, and
Washington, D.C. o昀케ces and our antitrust, employment,
and international trade practices.
The acquisition strengthens Stahl’s position as a leader
in specialty coatings for 昀氀exible materials, notably in
the resilient food and pharmaceutical sectors.
Lawyers in our Amsterdam and Washington, D.C.
o昀케ces led the transaction, supported by a global team
across more than 10 o昀케ces and 10 practice areas.
