White & Case advises Mercor on preliminary agreement for more than US$100 million sale of natural smoke exhaust and fire ventilation business to Kingspan Group
Global law firm White & Case LLP advised Mercor S.A. on a preliminary agreement for the US$100+ million sale of its natural smoke exhaust and fire ventilation business to Kingspan société à responsabilité limitée, a subsidiary of Kingspan Group plc. The transaction covers assets in multiple European countries and depends on conditions including antitrust clearance…
The companies sold hold assets related to the operation of gravity smoke extraction systems, roof lighting systems and fire ventilation systems in Poland, Spain, the Czech Republic, Slovakia, the UK, Hungary, Ukraine and Romania.
Transaction completion is contingent upon satisfying certain conditions, including in particular Kingspan obtaining the concentration clearance from the relevant antitrust authority, and Mercor obtaining the consent from the company’s general meeting on the transfer of an organized part of the enterprise, and finally completing the separation of the assets sold.
Founded in 1988 and listed on the Warsaw Stock Exchange since 2007, Mercor is one of Europe’s leading companies in passive fire protection systems.
The White & Case team that advised on the transaction included partners Marcin Studniarek and Marek Sawicki (both Warsaw), local partner Jakub Gubański (Warsaw), counsel Grzegorz Jukiel (Warsaw) and Vladimir Ivanco (Prague) and associates Michał Szczepański, Jarosław Fejdasz, Michał Plich, Maciej Gac, Iwo Małobęcki, Radomir Szewczuk, Aleksandra Rajek, Zuzanna Tałady (all Warsaw) and Kamila Dankova (Prague).
Contact:
Mariusz Mroczek
Senior Business Development Manager
White & Case M. Studniarek i Wspólnicy – Kancelaria Prawna sp.k.
T: + 48 22 50 50 225; M: +48 785 019 225
E-mail: mariusz.mroczek@whitecase.com
