Mercor S.A. to Divest Fire Ventilation Business for over $100M to Kingspan Group
Deal News | Nov 28, 2024 | White & Case
Global law firm White & Case has advised Mercor S.A. on signing a preliminary agreement for the sale of its subsidiaries focused on smoke exhaust and fire ventilation systems to Kingspan Group for over US$100 million. The transaction involves assets across several European countries including Poland, Spain, and the UK. Completion is subject to regulatory and shareholder approval. Mercor is recognized for its leadership in passive fire protection systems, while Kingspan is a globally acknowledged manufacturer of building materials. The advisory team from White & Case was led by several key partners and associates from their Warsaw and Prague offices.
Sectors
- Building Materials
- Passive Fire Protection Systems
- Legal Services
Geography
- Europe – Mercor operates in multiple European countries, including Poland, Spain, the UK, and others, defining the geographical scope of the deal.
- Poland – Mercor is based in Poland and is listed on the Warsaw Stock Exchange, making Poland significant to the transaction.
Industry
- Building Materials – Kingspan Group is a leading global manufacturer of building materials, directly relevant to the acquisition.
- Passive Fire Protection Systems – Mercor specializes in passive fire protection systems, making this industry crucial to the transaction.
- Legal Services – White & Case provided legal advice for the transaction, highlighting the role of legal services in M&A activities.
Financials
- US$100 million – The sale price of Mercor's fire ventilation business to Kingspan Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mercor S.A. | Target Company | Company | One of Europe's leading companies in passive fire protection systems. |
| Kingspan Group plc | Bidding Company | Company | A leading global manufacturer of building materials. |
| White & Case LLP | Legal Advisor | Company | Global law firm that advised Mercor on the transaction. |
| Marcin Studniarek | Partner | Person | Partner at White & Case who advised on the transaction. |
| Marek Sawicki | Partner | Person | Partner at White & Case who advised on the transaction. |