Baker McKenzie advised India based HIL Limited on the acquisition of the Parador Holding GmbH from NORD HOLDING COMPANY COMPANY MbH and DEUTSCHE MITTELSTANDSHOLDING FÜR INDUSTRIEBETEILIGUNGEN GmbH & Co. KG.
The transaction is subject to customary regulatory approval and is expected to close in August.
Baker McKenzie advised HIL Limited on all legal aspects of the transaction.
"With the successful completion of the transaction, we were able to support our client in entering the European market and in achieving their strategic goal of becoming a global player in the building materials industry", comments Baker McKenzie Corporate Partner Dr. Thomas Gilles.
HIL Limited is one of India’s most respected names in the building material solutions industry and a subsidiary of the CK Birla Group, with more than 20.000 employees and 24 manufacturing facilities on five continents. HIL is a pioneer of green building materials, producing roofing solutions, panels, walling blocks, plywood substitutes, high-quality pipes and fittings, and industrial insulation.
Parador, founded in 1977, produces laminate flooring, parquet flooring, vinyl flooring, plank-type carpet, and decor panels for walls and ceilings. The company currently employs 550 people. Production facilities are Coesfeld and Güssing in Austria.
Baker McKenzie's Corporate / M&A team regularly advises on domestic and international transactions and restructurings. Most recently, Baker McKenzie advised Global Ports Holding Plc on its strategic investment in Dreamlines, Ufenau Capital Partners on the acquisition of the Kruppert Group, the Nison Group on the acquisition of the majority stake of the SieMatic Group, financial investors First State Investments and Hermes Investment Management on the acquisition of the shipping company Scandlines, Mundipharma on the sale of its Limburg production, Rexnord on the acquisition of the CENTA Group and LKQ Corporation on the acquisition of the Stahlgruber Group.
Legal advisor to HIL Limited: Baker McKenzie
Corporate/M&A: Dr. Thomas Gilles (Partner, Frankfurt) and Dr. Wendelin Ettmayer (Partner, Vienna)
Corporate/M&A: Christian Atzler (Partner, Frankfurt), Kai Schlender (Associate, Frankfurt), Stephanie Sauer (Associate, Vienna), Roman Jatzko (Associate, Vienna), Pablo Essenther (Associate, Vienna),
Antitrust: Christian Horstkotte (Partner, Düsseldorf), Clara Dust (Associate, Düsseldorf)
Employment: Dr. Hagen Köckeritz (Partner, Frankfurt), Annekathrin Haffke (Associate, Frankfurt), Elisabeth Wasinger (Senior Associate, Vienna)
Commercial: Dr. Johannes Teichmann (Partner, Frankfurt)