Baker McKenzie has advised Datwyler on its acquisition of the QSR Group from Q Holding and 3i. Kirkland & Ellis reportedly advised the sellers.
Closing is expected in the second quarter of 2022, pending regulatory approval.
Datwyler is a Switzerland-headquartered elastomer components provider, with 20 companies and sales in over 100 countries. The company has been listed on the Swiss Exchange since 1986.
QSR is a US company developing and producing seals and components for electrical connectors for safeguarding connectivity in harsh environments. The company has five plants and supporting operations in the US, Mexico, and China.
"With this strategically important acquisition, we will become the leading global supplier of system-critical sealing solutions for electrical connectors for a diverse range of industries, which will open up new exciting niche markets for us," Datwyler CEO Dirk Lambrecht commented. "QSR is an ideal fit with Datwyler in terms of strategy, core competencies, and culture and will further accelerate our profitable growth. With our significantly strengthened market positions in North America and Asia, we will be able to reduce our dependency on the European market."
The Baker McKenzie team was led by Partners Alexander Fischer and Alexander Blaeser and Counsel Matthias Trautmann and included Austria-based Counsel Anita Lukaschek; Switzerland-based Partner Boris Wenger, Associates Nadine Bosshard, Zarina Fuglister, Eva Kriechbaumer, Sandra Marmy-Brandli, Meera Rolaz, and Vinzenz Sutter, and Paralegal Eric Schreiner; UK-based Partner Phelim O'Doherty and Associate Elliot Ryan; Germany-based Partner Nicolas Kredel and Associate Florian Kotman; China-based Partners Howard Wu, Alexander Gong, Grace Tso, and Zheng Zhou, Senior Counsels Frank Pan and Laura Liu, and Associate Di Wu; US-based Partners Michael Fieweger, Thomas Hughes, Kimberly Franko, Alison Stafford Powell, Geoff Martin, John Fedele, Christopher Guldberg, Patricia McDonald, Douglas Sanders, Brian Zurawski, Elizabeth Ebersole, William Rowe, and Adam Aft and Associates Meghan Hamilton, Brian Lee, Matthew McCarthy, Taylor Parker, Rachel Gray, Tariq Akeel, Stephanie Onyekwere, Jonathan Susko, William Shields, Danielle Lawrence, Sarah Swain, and Daniel Graulich; and Latin America-based Partners Luis Amado-Cordova, Carlos Vela-Trevino, and Lorenzo Ruiz de Velasco-Beam and Associates Alejandra Muriel-Vizcaino, Daniel Villanueva-Plasencia, Herman Gutierrez-Penuelas, and Eugenia Barrutia.