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Freshfields advises Blackstone on its proposed acquisition of Averys
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised private equity funds managed by Blackstone (‘Blackstone’) on the acquisition of Averys, the leading European manufacturer of customised racking and storage solutions for warehouses, from Equistone Partners Europe (‘Equistone’).Blackstone is one of the world’s leading investment firms. Its asset management businesses, with $450 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.
Averys is a fast growing European leader in industrial racking solutions with several brands such as Stow, Storax, Feralco, Duwic and Acial, with total revenues of over €600 million. Averys operates in most European countries, has 11 factories, and employs 1,700 people.
The transaction is expected to close in the third quarter of 2018, subject to completion of the appropriate social processes and approval of relevant regulatory authorities.
The Freshfields team is being led in Paris by Alan Mason. Stéphanie Corbière advised on French financing aspects.
ENDS
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About Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.
