Loyens & Loeff with Alfa Laval on Fives Cryogenic acquisition
Loyens & Loeff advised Swedish listed Alfa Laval as Swiss counsel on a binding put-option agreement to acquire the Fives Cryogenics business unit, part of the French Fives Group, for a total fixed purchase price of EUR 800 million on a cash and debt-free basis.
The proposed acquisition is awaiting consultation with the relevant works councils. After such stage, the parties expect to enter into a definitive purchase agreement.
The parties
Headquartered in Paris, Fives Cryogenics specialises in cryogenic heat transfer and pump technologies.
Alfa Laval provides a global clientele with products in the areas of heat transfer, separation and fluid handling. The company is headquartered in the Swedish town of Lund.
The Loyens & Loeff team
Partner Marco Toni (pictured) led the Loyens & Loeff team on the matter, working alongside senior associate Gilles Pitschen, associates Leonard Baumann, Donika Morina, and Lara Pafumi, as well as Junior associate Raphaela Roth.
