Baker McKenzie advised Haier Smart Home, a world-leading home appliances and consumer electronics company, in the signing of a "Share Purchase Agreement" with Carrier Global Corporation (Carrier Global) and Carolin Holdings B.V., acquiring 100% of the shares in Carrier Refrigeration Benelux B.V. (Carrier Commercial Refrigeration) for a consideration of approximately USD 640 million.  

Carrier Commercial Refrigeration is a global leading commercial refrigeration solution provider, with approximately 4,000 employees and over 2,000 service engineers in more than ten major countries and regions worldwide. Through this acquisition, Haier Smart Home will extend its leading position establishing a commercial refrigeration platform, promoting the "Comprehensive Cold Chain Strategy" and expanding its growth opportunities.

Baker McKenzie fielded a cross-practice team, which was led by senior corporate attorneys Marco Marazzi and Alan Zoccolillo from Milan and New York offices respectively.

Other key team members involved were:

M&A: Laura Estrada-Vasquez (New York), William Rowe (Chicago), Cynthia Cole (Palo Alto), Jeff Xu (Shanghai), Jacky Zhu (Shanghai), Koen Bos (Amsterdam), Thomas Gilles (Frankfurt), Hugo Sanchez de la Espada (Paris), Pietro Bernasconi (Milan), Elise Favier (Paris), Margherita Pasi (Milan), Grace Blackburn (New York), Gwen Karanadze (New York), Richard Yang (San Francisco), Felix Werner (Frankfurt) and Hunt Wu (Shanghai).

In addition, lawyers from Baker McKenzie's offices in US, China, Germany, France, Netherlands, Austria and 9 other European and Asian countries formed part of Baker McKenzie's wider transaction team. 

Baker McKenzie is a transactional powerhouse, with more than 2,500 deal practitioners in 45 countries offering leading expertise in the areas most critical for our clients. We excel in complex transactions and cross-border deals – over 65% of our deals are multi-jurisdictional. We are global and local, combining money-market sophistication with local excellence.
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