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Musat & Associatii Advises Spectrum Brands Unit on Sale of Lightning Business to Energizer

Musat & Associatii Advises Spectrum Brands Unit on Sale of Lightning Business to Energizer

Romania
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Musat & Asociatii has advised Spectrum Brands Unit, a USD 5 billion consumer products company, in connection with the USD 2 billion sale of its global battery and portable lightning business to Energizer Holding Inc. The transaction, which is expected to close before the end of the year, is subject to regulatory approval.

Spectrum Brands Unit is an American consumer products company that generated a revenue of USD 866 million in 2017 and earnings before interest tax, depreciation and amortization of USD169 million. This transaction will allow the company to focus on its remaining businesses: hardware, auto care, and pet and gardening products.

Energizer Holding Inc. is one of the world’s largest manufacturers of primary batteries and portable lighting products. By this transaction, Energizer will expand its international business, consolidating its position in EMEA and Latin America.

Teaming up with Baker McKenzie as international counsel, Musat & Associatii provided Romanian law advice to Spectrum Brands Unit. The firm’s team was coordinated by Partner Monia Dobrescu, with the help of Managing Associate Anca Vatasoiu, Senior Associates Adrian Danciu and Anca Simeria, and Associate Cristian Cepesi. 

Baker McKenzie did not reply to our inquiries on the matter.

 

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Maravela & Asociații is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

Maravela & Asociații covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend Maravela & Asociații as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

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