IFLR1000

Geberit SKr9.7 billion acquisition of Sanitec Corporation

2/3/2015
Public acquisition
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SKr 9.7 billion

$ 1.086 billion

Completed

2/3/2015

Overview:

  • Geberit has acquired Sanitec Corporation (Sanitec) for SKr9.7 billion.
  • Geberit first completed the acquisition of 99.08% of all shares and votes in Sanitec on 11 February 2015, and extended the acceptance period to allow the remaining shareholders of Sanitec to accept the offer until March 2 2015.
  • Sanitec is a Finnish ceramics maker specialising in bathroom fittings. It is listed on the Stockholm exchange.
  • Geberit is a Swiss sanitary engineering company.
  • JPMorgan acted as financial adviser for Geberit
  • UBS acted as financial adviser for Sanitec.

Wai Yee Tsang - Journalist

Jurisdictions:

Finland
Sweden
Switzerland

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Consumer goods and services
Industrials and manufacturing

Firms:
Hannes Snellman

Party: Sanitec Corporation (Target)

Lawyer: Klaus Ilmonen

Lenz & Staehelin

Party: Geberit (Acquirer)

Lawyers: Marcel Tranchet, Patrick Hünerwadel, Rudolf Tschäni, Tino Gaberthüel

Mannheimer Swartling

Party: JPMorgan Chase (Financial adviser)

Lawyers: Daniel Karlsson, Patrik Marcelius

Roschier

Party: Geberit (Acquirer)

Lawyers: Antti Ihamuotila, Pontus Enquist

White & Case

Party: UBS (Financial adviser)

Lawyer: Rikard Stenberg

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