Qingdao Haier €475 million acquisition of Candy

3/10/2018

Acquisition finance, Private acquisition

Value:

€ 475 million

Dollar value:

$ 526.882 million

Status:

Completed

Date:

3/10/2018

Overview:

Domestic appliances manufacturer Qingdao Haier has acquired Italian appliances manufacturer Candy for €475 million.
Haier took out a loan of €328 million to finance the acquisition.

Rajeeb Gurung - Researcher

Jurisdictions:

China
Italy

Deal types:

Acquisition finance
Private acquisition

Practice areas:

Banking
M&A

Industry sector:

Industrials and manufacturing

Firms:

Cleary Gottlieb Steen & Hamilton

Party: Fumagalli Family (Seller)

Party: Candy (Target)

Lawyer: Roberto Bonsignore

Orrick Herrington & Sutcliffe

Party: Qingdao Haier (Acquirer)

Simmons & Simmons

Party: ICBC (Lender)

Party: Banca IMI (Lender)

Lawyer: Nicholas Lasagna

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