The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised PAI Partners and Investment Funds managed by the Merchant Banking Division of Goldman Sachs on the sale of the Xella Group, a leader in building solutions, to an affiliate of Lone Star.
Xella is the world’s largest manufacturer of aerated concrete blocks, calcium-silicate units, and high-performance boards. Furthermore, it is a local leader in lime and limestone. Under its key product brands Ytong, Hebel, Silka, Multipor, Fermacell, and Fels, Xella provides state-of-the-art solutions for energy efficient construction activities and mined minerals. Headquartered in Germany, Xella operates 96 production plants in 20 countries and employs over 5,900 employees globally.
The transaction remains subject to approval by the competent merger control authorities. The deal terms are confidential.
A Milbank team led by partner Peter Nussbaum comprehensively advised PAI Partners and Goldman Sachs MBD as lead counsel on corporate, tax, antitrust and finance law in relation to the transaction.
Advisor to PAI Partners and Goldman Sachs Merchant Banking Division: Milbank, Tweed, Hadley & McCloy LLP
Peter Nussbaum (lead, Corporate/M&A, Munich), Rolf Füger, Matthias Schell (both Tax, Munich), Alexander Rinne (Competition, Munich), Mathias Eisen (Finance, Frankfurt), John D. Franchini (Corporate/M&A, New York), Mark Stamp (Corporate/M&A, London), Michael Pujol (Corporate/M&A, Munich), Andrea Eggenstein (Corporate/M&A, Frankfurt), Dennis Seifarth, Benjamin Leuchten, Leif Klinkert (all Corporate/M&A, Munich), Leopold Riedl (Corporate/M&A, Frankfurt), Aaron Stine (Corporate/M&A, New York), Vanessa van Weelden (Competition, Munich), Alexander Klein (Finance, Frankfurt)
About Milbank
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