Freshfields Represents Schenck Process Group in $730M Sale to Hillenbrand of its Food and Performance Materials Business
Freshfields is advising Schenck Process Group (SPG), a leading provider of sustainable, integrated measuring and process technology solutions, on the sale of SPG’s food and performance materials business to Hillenbrand, Inc. (NYSE: HI). The transaction is expected to close in the third calendar quarter of 2023, subject to regulatory approvals and other customary closing conditions. Details of the transaction can be found here.
The Freshfields team is led by New York-based M&A Partner Paul Humphreys, Frankfurt-based M&A Partners Steffen Kleefass and Arend von Riegen, Counsels Olaf Ehlers and Enrique Dancausas, Senior Associate George Milne, and Associates Maximilian Kind, Alexander Ryan, Brian Kloeblen, David Chambers, Jenny Park, Casey Hagen and Gabe Carolan. Partners Menachem Kaplan and Philipp Dohnke, Counsel Marius Scherb, and Associates Jennifer Lei, Chandler Gerard-Reimer and Maximilian Zellerhoff are advising on intellectual property matters and commercial agreements. Partners Nicole Foster and Lucy Carruthers, Senior Associate Andrew Herman and Associate Chaim Leggiere are advising on executive compensation and employee benefits matters. Partner Justin Stewart-Teitelbaum, Senior Associate Daniel Wylde and Associates Iris Zhou and Emily Abbott are advising on antitrust matters. Partners Christine Lyon and Brock Dahl and Associate Christine Chong are advising on data regulation, privacy and security matters. Partners Claude Stansbury, Peter Clements and Norbert Schneider, Principal Associate Thomas Richter, and Associates Brendan Counihan and Patrick Deady are advising on tax matters. Partner Allison Liff and Associate Meghan Bell are advising on finance matters. Partner Stephanie Brown-Cripps is advising on compliance and sanctions matters. Partner Michael Levitt and Counsel Jeremy Barr are advising on US capital markets matters.