Kirkland & Ellis has advised GIC, a global institutional investor, on a long-term minority investment in German industrial gases producer Messer. GIC's investment will support the company's long-term growth strategy. The proceeds from this investment will be used to finance the acquisition of CVC's stake in Messer Industries. The transaction between Messer and CVC as well as the entry of GIC as minority shareholder in Messer are subject to the usual regulatory approvals with completion being expected by the end of 2023. Messer, headquartered in Bad Soden near Frankfurt am Main, Germany, is the world's largest privately held specialist for industrial, medical and specialty gases.
The Kirkland team advising GIC was led by transactional partners Ben Leyendecker and Attila Oldag and included transactional partners Sebastian Häfele, Hendrik Braun and Ryan Brissette; antitrust & competition partners Sally Evans and Joel Gory; litigation partners Jordan Peterson and Marcus Thompson; tax partner Michael Ehret; and debt finance partner Alexander Längsfeld; as well as transactional associates Greta-Josefin Harnisch, Christina Albath, Victor Fiekers, Philipp Keinath, Friedrich Focke, Antonia Gaupp, Raisa Masud; antitrust & competition associate Alexander Wathan; and litigation associate Nicole Briones.