Baker McKenzie advised Haier Smart Home, a global leader in consumer electronics and home appliances, on the closing of the acquisition of Carrier Global Corporation’s commercial refrigeration business for an enterprise value of approximately USD 775 million, on 1 October 2024.

Baker McKenzie assisted Haier Smart Home throughout the nine-month process leading to closing.

The Baker McKenzie team was led and coordinated by Marco Marazzi in our Milan office, together with Margherita Pasi in the Milan office and Felix Werner in the Frankfurt office. Koen Bos in the Amsterdam office advised on Dutch law issues, and Cynthia Cole in the Palo Alto office and Lorenza Mosna in the Milan office assisted on all IP aspects. The team was also supported by Laura Estrada-Vasquez (New York), Jeff Xu (Shanghai), Elise Favier (Paris) and more than 30 Baker McKenzie lawyers from the US, France, Germany, the Netherlands and other jurisdictions.

With more than 2,700 deal practitioners in 45 jurisdictions, Baker McKenzie is a transactional powerhouse. The Firm excels in complex, cross-border transactions; over 65% of our deals are multi-jurisdictional. Baker McKenzie has been consistently recognized as a top-three firm for cross-border M&A by volume over the past decade. The teams are a hybrid of ‘local’ and ‘global’, combining money-market sophistication with local excellence.