Clifford Chance lawyers from Prague and Warsaw were on the multi-jurisdictional team advising FlaktGroup, a portfolio company of Triton, on the sale of DELBAG, a specialist for air filtration, to Hengst SE. The contract was signed on August 22, 2018, and the purchase price was not disclosed.
FlaktGroup was formed in 2016 by the merger of FlaktWoods with the portfolio company DencoHappel. Clfford Chance advised Triton on both the acquisition of FlaktWoods and the subsequent merger with DencoHappel.
Today, according to Clifford Chance, "FlaktGroup is the European market leader for intelligent and energy-efficient solutions for indoor air and critical air functions that support all areas of application. Based in Herne, Germany, the group generated total sales of around EUR 700 million in 2017 and employs around 3,600 people at a total of 14 production sites and more than 50 agencies in Europe, Russia, the Middle East, North America, South Korea, Singapore, and India."
According to Clifford Chance, "DELBAG belongs to FlaktGroup and is one of the oldest air filtration companies and best known brands in this business field. With around 150 employees in Germany, France, the Czech Republic, Poland and Austria, the company generated sales of EUR 30 million in 2017."
Prague-based Associate Tomas Prochaza and Warsaw-based Associate Lukasz Maminski were on the the Clifford Chance team, which also consisted of Dusseldorf/Frankfurt Partner Anselm Raddatz, Frankfurt-based Counsel Robert John and Associate Daniel Gutmann, Dusseldorf-based Senior Associate Katharina Franitza, Frankfurt-based Partner Stefan Simon and Senior Associate Christopher Fischer, and Paris-based Associates Raphael Durand and Aicha Ahardane.
Jonathon Milne, London (Inhouse Legal M&A) advised Triton and Meik Engel (Chief Legal Officer) worked for FlaktGroup.