Milbank LLP advised the owner families of ebm-papst group (“ebm-papst”), a leading global provider of innovative ventilation solutions for air, refrigeration and climate technology, on the sale of ebm-papst to the listed US company Madison Air (“Madison”; NYSE: MAIR), a global provider of air quality solutions. The transaction values ebm-papst at 5.1 billion euros (enterprise value).
With Madison, ebm-papst gains a new, long-term-oriented owner with strong innovative capabilities and operational scaling expertise to accelerate growth. In turn, the partnership gives Madison Air access to differentiated air flow technology and highly attractive markets, particularly in Europe, enabling the company to further scale its business outside North America.
The transaction remains subject to customary closing conditions.
The Milbank team that advised the owner families of ebm-papst on this transaction was led by partner Jan Häller (Corporate/M&A, Frankfurt) and comprised partners Norbert Rieger (Corporate/M&A), Thomas Kleinheisterkamp (Tax), Alexander Rinne (Antitrust, all Munich), Iliana Ongun (US Corporate/M&A), Max Goodman (US Tax), Meir Hornung (US Banking & Finance, all New York), special counsel Gerrit Merkel (Banking & Finance, Frankfurt) as well as associates Steffen Post, Moritz Jacob, Philip Falk, Jacob Knieler, Maximilian Huber (all Frankfurt), Manuel Bogenreuther (Munich, all Corporate/M&A), Adrian Müller-Achenbach (Banking & Finance, Frankfurt), Melanie Buve (Antitrust) and Christoph Wolf (Tax, both Munich).
