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Freshfields Advises Stanley Black & Decker on the Closing of its $3.2bn Sale of Its Global Electronic Security Solutions and Healthcare Solutions Businesses to Securitas AB
Freshfields advised Stanley, Black & Decker, Inc. on the closing of the previously announced sale of its global electronic security solutions and healthcare solutions businesses to Securitas AB for $3.2 billion in cash. The transaction was announced on December 8, 2021 and spanned 24 countries. The closing process involved obtaining antitrust approvals in Canada, Colombia, the European Union, the UK and the US; and foreign investment approvals in Finland, France, the Netherlands, Norway, Sweden, the UK and the US, as well as the UK FCA and works councils in France. More information is available here.
The Freshfields deal team was led by M&A Partner Paul Tiger, Senior Associate Tomas Rua, Associates Anthony Paladino and Wicy Wang and Summer Associate Elana Confino-Pinzon, with support from Partners Ethan Klingsberg and Andrea Basham. Partner Sascha Schubert, Associates Sarah Gallagher, Ruzica Ciric, Karla Halonen and Matthew Hoser and Legal Consultant Alexandra Ivakhnik advised on EU antitrust matters. Partner Aimen Mir and Special Counsel Christine Laciak advised on foreign investment matters. Partners Lori Goodman and Andrew Murphy, Associates Charles Smye and Eloise Rennie, and Trainee Solicitors Chloe Turner and Symrun Gakhal led a cross-jurisdictional team advising on executive compensation and employee benefits matters. Partner Robert Scarborough and Senior Associate David Mitchell advised on US tax matters. US antitrust advice was provided by Partner Justin Stewart-Teitelbaum, Counsel Angela Landry and Associate Ahmad Al Dajani. Partner Christine Lyon and Associate Cody Goodchild advised on data privacy matters.
UK corporate law advice was provided by Partner Andrew Hutchings, Senior Associate Michael Black, Associate De Hong Lee and Trainee Solicitor Kende Szabo. Partners Alastair Chapman and Michele Davis and Associates Matthew Hoser and Alessandra Galea advised on UK antitrust matters. Partner James Smethurst and Associate Jasmin Huysmans provided UK regulatory advice.
French corporate law advice was provided by Partners Guillemette Burgala and Sami Jebbour and Associate Fabien Costa. Partners Gwen Senlanne and Christel Cacioppo and Associate Lucie Plan advised on French executive compensation and employee benefits matters, including French works council processes.
Belgian corporate law advice was provided by Partner Deborah Janssens, Principal Associate Hervé Stanus and Associate Arthur Yee. Counsel Satya Staes Polet and Associate Brunhilde Van Den Haute advised on executive compensation and employee benefits matters.
ENDS
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Freshfields Bruckhaus Deringer LLP is a global elite law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on us when it matters most.
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This material is for general information only and is not intended to provide legal advice. Prior results do not guarantee a similar outcome.