Baker McKenzie has advised leading water and waste management company SUEZ, on its $3.4 billion acquisition of GE Water & Process Technologies (“GE Water”) from General Electric Company ("GE"). The purchase was announced in March and closed 29 September.  

The transaction, which involved carving out the global GE Water business from GE, will enhance SUEZ's  strategic long term growth plans and confirms the company's position as a major player in the industrial water services market. 

Leading on the transaction, London Corporate partner Jannan Crozier said: "We're proud to have acted as international carve out counsel on this strategic acquisition for SUEZ. Supported by an integrated project management team, we were able to deploy a sophisticated legal solution and subsequently deliver a successful complex carve out structure for our client, in what was an incredibly short time frame. For us, this transaction is also a great demonstration of our unique cross-border and market leading carve out expertise."

The transaction involved approximately 110 jurisdictions world wide. 

The Baker McKenzie team was led from London by Corporate partner Jannan Crozier together with Senior Associate Richard Needham. London Employment partner Stephen Ratcliffe led on the employment aspects of the carve out. 

The mandate is the latest example of the work of Baker McKenzie in advising on complex carve out transactions. Other recent deals include Emerson Electric's USD 3.2 billion acquisition of global manufacturing company Pentair's Valves & Controls business, as well as Emerson's USD 5.2 billion divestitures and sale of Network Power, Leroy-Somer and Control Techniques.
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