Bär & Karrer advises nVent on sale transaction
Bär & Karrer advised nVent Electric throughout the sale transaction of its Thermal Management business.
The context
Headquarterd in London and listed on the NYSE, nVentElectric designs, manufactures, markets, installs and services electrical products and solutions. The company employs more than 11.000 employees worldwide, and holds a market value of USD 3.3 B.
In connection with the deal, nVent has reached an agreement for the sale of its Thermal Management business. Funds managed by Brookfield Asset Management acquired the business branch in question, which encompasses both the Raychem and Tracer brands. The parties met at a sale price of USD 1.7 billion.
The team
Partner Ralph Malacrida (pictured) led the Bär & Karrer team on the transaction, working alongside partner Faton Aliu, associate Jorgos Boulamatsis, junior associates Flurina Tesch and Nikolaus Lange (all financing). Partners Cyrill Diefenbacher, Ruth Bloch-Riemer, Susanne Schreiber handled all taxation aspects on the matter. The team was completed by partners Markus Wang (trademark) and Laura Widmer (employment).
