Hengeler Mueller advises Advanced Drainage Systems on the acquisition of water management business of Norma Group

Advanced Drainage Systems, Inc. ("ADS"), a leading provider of innovative water management solutions in the stormwater and onsite wastewater industries announced that it has entered into a definitive stock purchase agreement under which ADS will acquire the water management business of Norma Group SE, known as National Diversified Sales, in an all-cash transaction valued at approximately $1.0 billion.

Hengeler Mueller advised ADS together with Davis Polk & Wardwell LLP (lead: Harold Birnbaum, New York) and Squire Patton Boggs (U.S.) LLP (lead: Matthew Palmer, Columbus, Ohio).

Hengeler Mueller team for ADS

M&A: Oda Goetzke, Maximilian Schiessl, Tobias Schneiders (all partner), Oleg Goldschmidt, Van Nguyen, Susanne Struth (all associate, all Düsseldorf),

Employment: Hendrik Bockenheimer (partner), Sonnhild Draack (counsel, both Frankfurt),

Financing: Henning Hilke (partner), Simon Tänzer (associate, both Frankfurt),

IP/IT: Matthias Rothkopf (partner), Johannes Jäkle, Kim Josefine Weisser (both associate, all Düsseldorf),

Regulatory: Michael Schramm (partner), Malte Scholz (associate, both Düsseldorf),

Tax: Sebastian Adam (partner), Jan Adami (associate, both Frankfurt),

Antitrust: Sebastian Dworschak (partner, Düsseldorf).