Gerresheimer Completes Acquisition of Blitz LuxCo Sarl
Deal News | Dec 17, 2024 | Legal Community Germany
Hogan Lovells, an international law firm, played a pivotal role in Gerresheimer's acquisition of Blitz LuxCo Sarl, a transaction valued at approximately 800 million euros, finalized on December 10, 2024. Gerresheimer, a global entity in the pharmaceutical, biotechnological, and cosmetic sectors, benefits from this acquisition by gaining control over the Bormioli Pharma Group. Both companies prioritize innovation and sustainability, aligning their strategic goals. Hogan Lovells employed a cross-border, multidisciplinary team led by partners in Düsseldorf and Milan. LMS Legal advised the Bormioli Pharma Group, also employing a team with expertise in various jurisdictions.
Sectors
- Pharmaceuticals & Biotechnology
- Cosmetics
- Legal Services
Geography
- Germany – Gerresheimer is headquartered in Germany, playing a central role in the transaction.
- Luxembourg – Blitz LuxCo Sarl and some legal team members are based in Luxembourg, relevant due to its corporate and legal aspects.
- Italy – Both legal firms have notable team members situated in Milan, Italy, reflecting the transaction's cross-border nature.
Industry
- Pharmaceuticals & Biotechnology – The acquisition involves companies engaged in the pharmaceutical, biotechnological industries, where Gerresheimer operates and seeks to expand.
- Cosmetics – Gerresheimer is a global partner in the cosmetic industry, and the acquisition enhances their position in this sector.
- Legal Services – Hogan Lovells and LMS, law firms with cross-border capabilities, played significant legal advisory roles in the acquisition.
Financials
- 800 million euros – Valuation of the acquisition deal for Blitz LuxCo Sarl.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gerresheimer | Buyer | Company | A global company headquartered in Germany providing solutions for pharmaceutical, biotechnological, and cosmetic industries. |
| Blitz LuxCo Sarl | Target Company | Company | Holding company that controls Bormioli Pharma Group, acquired by Gerresheimer. |
| Bormioli Pharma Group | Selling Company | Company | Company controlled by Blitz LuxCo Sarl, involved in pharma innovation and sustainability. |
| Hogan Lovells | Legal Advisor | Company | International law firm advising Gerresheimer on the acquisition. |
| LMS | Legal Advisor | Company | Law firm advising Bormioli Pharma Group and its managers in the transaction. |