Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 27-04-2023 | Practice Area: | Corporate and M&A |
| Deal Title: | Viessmann Climate Solutions Acquisition by Carrier Global Corporation | Industry: | General Industrials |
| Description: |
Davis Polk advised Viessmann Group on the acquisition by Carrier Global Corporation of Viessmann Climate Solutions. Under the terms of the agreement, subject to working capital and other adjustments, Carrier would acquire Viessmann Climate Solutions for €12 billion, of which 80% will be in cash and 20% in Carrier common stock delivered to Viessmann Family Holdings. The Carrier and Viessmann boards of directors each approved the acquisition, which is expected to close around the end of 2023, subject to customary closing conditions and regulatory approvals.
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| Financial Center: | London | Value: | 5001.00-10000.00 |
| Advised Party: | Vendor | Law Firm | Davis Polk |
| Target Company Jurisdiction: | Germany | Acquiror Jurisdiction: | United States |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Leo Borchardt |
