News Column

Germany : White & Case Advises ABB Group on Divestment of ABB Full Service to Nordic Capital

August 26, 2014



Global law firm White & Case LLP is advising the ABB Group, the leading power and automation technology group, on the divestment of its Full Service business to Nordic Capital Fund VIII.

ABB Full Service is the leader in industrial maintenance outsourcing services in Europe, with a particularly strong position in the Nordics and a global presence. The divestment achieves ABB's strategy of continuously optimizing its portfolio of companies.

"White & Case is delighted to advise ABB Group on the divestment of its Full Service business," said White & Case Helsinki partner Timo Airisto. "This transaction demonstrates the global reach of our Mergers & Acquisitions practice and the strength and depth of our global network of offices, many of which were called upon to advise ABB on this complex transaction."

The White & Case team was led by Helsinki partner Timo Airisto. He was assisted by local partner Janko Lindros and associates Alli Soralahti and Joose Tolonen in Helsinki; partners Alexandre Jaurett and Bertrand Liard and associates Leo Catafau Castellet and Jean Paszkudzki in Paris; and partners Nicholas Greenacre and Peita Menon and associates Sarah Taylor, David Nisbet and Laura Hoyland in London. The core team was assisted by other lawyers from the White & Case offices in Brussels, Budapest, Frankfurt, Hamburg, Johannesburg, Los Angeles, Mexico City, Milan, New York, Prague, Singapore and Stockholm as well as associated firm MD & Partners in Jakarta.


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Source: TendersInfo (India)


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