Greenberg Traurig Attorneys Close €430 Million Deal for Rentokil
LONDON (PRWEB) August 15, 2019 -- A multi-office team from global law firm Greenberg Traurig, LLP assisted Rentokil Initial PLC (Rentokil) in selling its 17.8% interest in CWS-Boco International GmbH, a leading provider of workwear and hygiene services in Europe, to Haniel & Cie. Holding Company (Haniel) for cash consideration of €430 million. The parties have agreed to keep additional details of the transaction confidential.
The Greenberg Traurig team was led by London Shareholder Sarah Moyles, assisted by Berlin Shareholder Josef Hofschroer and Senior Associate Natalie Hsiao, and London Intellectual Property Consultant Ewen Mitchell.
This transaction is one of a steady stream of transactions in which Greenberg Traurig’s London office has represented Rentokil over the past 10 years. In 2017, Paul Maher, Fiona Adams, and Sarah Moyles represented Rentokil when it entered into the joint venture with Haniel.
Rentokil provides services aimed at protecting the health and wellbeing of people, including pest control, commercial hygiene, and plants and scenting. Rentokil reports that it operates more than 1,800 local service teams across 70 countries, covering 91% of global GDP in over 90 of the world’s 100 largest cities.
Haniel is a German family equity company which has been headquartered in Duisburg-Ruhrort since it was founded in 1756. Haniel's portfolio currently includes four business divisions which hold a leading market position in their respective sectors.
Greenberg Traurig London’s office has a multidisciplinary team of more than 80 lawyers and is growing. The team advises U.K. and multinational clients operating in many different sectors, including chemicals, pharmaceuticals, life sciences, energy, real estate, financial services, automotive, retail, and communications. In Germany, more than 55 lawyers provide legal advice predominantly on transactions in the real estate, technology and telecommunications, media and entertainment, and infrastructure sectors.
About Greenberg Traurig’s Corporate Practice: Greenberg Traurig’s Corporate Practice comprises more than 450 lawyers in the United States, Europe, Asia, the Middle East, and Latin America who regularly advise public and privately held companies, entrepreneurs, and investment funds on global mergers and acquisitions, corporate restructurings, private equity and venture capital, underwritten and syndicated offerings, commercial finance and syndicated lending, cross-border transactions, and general corporate matters. The group’s industry experience includes transactions in a wide range of fields, from the pharmaceutical, medical devices, and life sciences fields, to representations involving clients in the aviation, banking, consumer products, energy, food and beverage, health care, manufacturing, media, technology, and telecommunications sectors.
About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has approximately 2,100 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: http://www.gtlaw.com Twitter: @GT_Law.
Lourdes Brezo-Martinez, Greenberg Traurig, LLP, http://www.gtlaw.com, 212-801-2131, [email protected]
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