Hengeler Mueller advises CVC on sale of ista

Trius Holdings S.C.A. has entered into an agreement on 27 July 2017 to sell its shares in ista Luxembourg GmbH to Lamarillo S.à.r.l. (“Purchaser”). The Purchaser is an indirect wholly-owned subsidiary of Cheung Kong Property Holdings Limited (“CKP”). In this context, CKP has entered into a joint venture formation agreement with CK Infrastructure Holdings Limited (“CKI”), pursuant to which the Purchaser will become a 65/35 joint venture of CKP and CKI, subject to obtaining approval from the respective shareholders of CKP and CKI. The purchase agreement is subject to necessary regulatory and anti-trust approvals. ista Luxembourg GmbH, headquartered in Luxembourg, is the parent company of ista Group, a leading energy services provider. The seller’s owners are funds advised by CVC Capital Partners (“CVC”) as well as co-investors.

Hengeler Mueller advised CVC on the transaction. The Hengeler Mueller team was led by partners Hans-Jörg Ziegenhain and Emanuel P. Strehle (both Munich) and included partners Christian Schwandtner (Düsseldorf) (all M&A), Daniela Böning (Financing, Frankfurt), Christoph Stadler (Competition, Düsseldorf), Christian Hoefs (Labour), Alexander Rang (Capital Markets) (both Frankfurt), Dirk Uwer (Energy/Regulatory/Compliance), Vera Jungkind (Compliance/Data Protection) (both Düsseldorf), counsel Daniel J. Zimmer (Energy/Regulatory/Competition), Astrid Harmsen, Andrea Schlaffge (both IP/IT) (all Düsseldorf), Cecilia Di Ció (Capital Markets, Frankfurt) as well as associates Philipp Dornbach, Achim Spengler (both M&A, Munich), Alexander von Jeinsen (Financing, Frankfurt), Rhiannon Pugh, Anja Balitzki, Marina Kederoglu (all Competition, Düsseldorf), Susanne Walzer (Labour), Caspar Schmelzer (Capital Markets) (both Frankfurt), Moritz Rademacher and Thomas Ruthemeyer (both Energy/Regulatory, Düsseldorf).