White & Case Advises Legris Industries on Acquisition of Spanish Company Laulagun Bearings and €140 Million Financing
Global law firm White & Case LLP has advised Legris Industries on the acquisition of Spanish industrial business Laulagun Bearings from Spanish fund Portobello Capital, and on Legris Industries' €140 million financing package.
The financing from financial institutions follows the consecutive acquisitions of MEP and Laulagun Bearings, as well as the refinancing of Legris Industries' 2016 acquisition of Schiederwerk.
Laulagun Bearings designs and produces large-diameter bearings for wind turbines (blade and yaw bearings) and for other industries, such as lifting and handling equipment and water treatment.
White & Case advised Legris Industries in May 2016 on the acquisition of Schiederwerk, on the sale of Savoye to Noblelift Intelligent Equipment Co.in October 2018, and on the acquisition of MEP in June 2019.
The White & Case team in Paris which advised on the transaction was led by partners François Leloup and Samir Berlat, with support from partner Norbert Majerholc, counsel Orion Berg and associates Delphin Boucher, Farid Fatah, Bettina de Catalogne and Anne-Louise Lorenzo.
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