Wolf Theiss advises Blackstone on the acquisition of EUR 1.64 billion CRH European Distribution Unit
Private Equity funds managed by Blackstone (“Blackstone”) have reached an agreement to acquire the CRH Europe Distribution business (“CRH ED”) for € 1.64 billion. CRH ED is the third largest building materials distribution platform in continental Europe, with national or regional leadership positions across the Netherlands, Germany, Switzerland, Austria, Belgium and France.
Wolf Theiss advised Blackstone in connection with the due diligence as well as the share purchase agreement from an Austrian law perspective. Partner Sarah Wared (Corporate/M&A) led the Wolf Theiss team consisting of Partner Horst Ebhardt, Associates Vilma-Reeta Kivilahti, Michael Kienzl, Clemens Pretscher, Simona Shpilsky and Agnes Steinberger (Corporate/M&A); Partner Matthias Unterrieder (Employment); Partner Guenter Bauer (Competition & Antitrust) Partner Holger Bielesz, Senior Associates Markus Taufner and Florian Pechhacker (Dispute Resolution); Partner Birgit Kraml and Associate Stefan Horn (Real Estate); Partner Niklas Schmidt and Counsel Eva Stadler (Tax) and Senior Associate Paulina Pomorski (IP/IT).
Blackstone is one of the world’s leading investment firms. With $512 billion in assets under management, Blackstone’s business includes investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.