Freshfields Advises Jungheinrich on Its Acquisition of Indiana-Based Storage Solutions Group
Freshfields is advising Jungheinrich AG, the German publicly listed intralogistics pioneer, on its acquisition of Indiana-based Storage Solutions, Inc., a leading provider of racking and warehouse automation solutions in the US. The acquisition will be for upfront cash consideration of approximately $375 million and includes an opportunity for the Storage Solutions management shareholders to earn additional performance-based payouts over three years following closing. More details about the transaction can be found here.
The cross-border Freshfields team is led by New York-based M&A Partner Paul Humphreys, together with Munich-based M&A Partner Elizabeth Oberholzer and Senior Associates Vinita Sithapathy, Max Alles, Tomas Rua and Associates Athanasios Tasopoulos, Simon Trisk, Jackson Myers, Jan Postweiler, Franz Dahl and Amrisha Raniga. Partner Lori Goodman and Associates Jeffrey Anand and Sonia Bennett are advising on compensation and benefits matters. Partner Joe Soltis and Associate Brendan Counihan are advising on tax matters. Partners Martin Klusman and Bruce McCulloch, Counsel Charles Ramsey and Senior Associates Susanne Zimmermann and Donna Faye Imadi are advising on antitrust matters. Partner Menachem Kaplan and Associates Mili Astesiano and Chandler Gerard-Reimer are advising on IP matters, and data privacy and cyber security advice is being provided by Partner Christine Lyon, Counsel Brock Dahl and Associate Christine Chong. Partner Kyle Lakin, Senior Associate Aino Makisalo and Associate Hadar Tanne are advising on financing matters. Partner Linda Martin and Associate Susannah Benjamin are advising on litigation matters. Counsel Daniel Cendan and Stephanie Brown Cripps and Senior Associates Kat Gross and Emmeline Chen are advising on compliance and sanctions matters. Partner Christoph Seibt is advising on German securities law matters. Partner Aimen Mir and Counsel Christine Laciak advised on US foreign investment matters.
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