Baker McKenzie advised private equity firm Argos Wityu on its acquisition of the majority stake in Norline AG (“Norline“), a leading provider of outsourcing services in the heating, ventilation, air conditioning and plumbing sector in Switzerland. Norline’s founder Hanspeter Acklin will remain a minority shareholder, along with further managers of the company, and will continue to lead the firm as CEO.
The common objective of both parties is to accelerate Norline’s growth by expanding geographically, broadening the customer base and expanding the service offering for enabling a smooth transition from fossil fuel heating systems to modern and sustainable solutions.
Argos Wityu is an independent European private-equity group that supports the growth of mid-sized business and backs their management teams. With more than EUR 1.4 billion of assets under management, over 30 years of experience and more than 90 businesses assisted, Argos Wityu operates from offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris.
Baker McKenzie Switzerland advised Argos Wityu on all legal aspects of the transaction.
Led by Martin Furrer (partner, M&A) and Matthias Trautmann (counsel, M&A) the Baker McKenzie team included:
• M&A: Ramon Tissafi (senior associate), Cathrin Marxer (senior associate), Andrea Puricelli (associate), Vinzenz Sutter (associate), Jasmin Vögtli (associate), Victoria Hotz (trainee lawyer), Chiara Bolter (trainee lawyer), Dominik Steinacher (trainee lawyer)
• Banking & Finance: Lukas Glanzmann (partner), Sammy Guidoum (associate)
• Intellectual Property: Nadine Charrière (associate)
• Real Estate: Christophe Reitze (associate)
• Employment: Christoph Stutz (partner), Andreas Becker (associate)
• Commercial/Anti-trust: Roger Thomi (counsel)
