Latham & Watkins LLP represented funds advised by KLAR Partners Limited (KLAR Partners) on the acquisition of ISS Kanal Services AG (ISS Kanal Services), a corporate carve-out from ISS Schweiz AG and Switzerland’s leading player within underground infrastructure maintenance (UIM). The parties have agreed not to disclose further details.

ISS Kanal Services offers UIM services in a resilient market across eight locations in Switzerland. The company’s services consist of UIM cleaning and maintenance through flushing and inspection, as well as UIM maintenance and repair. The company has a large and well-diversified customer base consisting of local municipalities, industrial customers as well as private and institutional property owners. With almost 300 employees, ISS Kanal Services is the largest UIM service provider in Switzerland.