Sivantos Pte. Ltd.’s merger with Widex A/S in Denmark


Freshfields Bruckhaus Deringer LLP has advised funds advised by EQT Partners and their portfolio company Sivantos Pte. Ltd. in Singapore, on the merger of Sivantos with Widex A/S in Denmark.

The strategic merger of equals will create a global hearing aid leader generating combined revenues of approximately EUR 1.6 billion and employing more than 10,000 people worldwide. The transaction values the combined entity at an enterprise value of more than EUR 7 billion.

The transaction is subject to regulatory approvals and other customary closing conditions. The approval process starts today. Until closing, the merger will have no effect on employees, customers or suppliers.

Financing in connection with the merger is provided by J.P. Morgan, Goldman Sachs and Deutsche Bank and is expected to replace existing financing arrangements. Latham & Watkins has acted as financing counsel. Widex is advised by J.P. Morgan, Kromann Reumert and Deloitte. EQT and Sivantos are advised by Freshfields Bruckhaus Deringer, Plesner, PricewaterhouseCoopers and AON. The Boston Consulting Group has provided additional commercial advice.

The Freshfields team comprised Wessel Heukamp (picture), Ludwig Leyendecker, Julia Sellmann, Elizabeth Reiner-Oberholzer, Marcus Mackensen, Anastasios Moraitis, Götz Lingenthal, Sezer Gülcü (Corporate), Uta Itzen, Dr. Katrin Gaßner, Tom Ensign (Antitrust), Nina Heym (Finance), David Beutel (Tax), Wolrad Prinz zu Waldeck, Max Betz, Antje Brambrink (IP/IT), Ulrich Sittard and Philipp Schneider (Employment).

The transaction advice was rendered together with the Danish partner law firm Plesner, with Thomas Holst Laursen and Torben Nørskov (both Corporate).

Involved fees earner: Thomas Holst Laursen – Plesner; Torben Nørskov – Plesner; Wessel Heukamp – Freshfields Bruckhaus Deringer LLP; Ludwig Leyendecker – Freshfields Bruckhaus Deringer LLP; Julia Sellmann – Freshfields Bruckhaus Deringer LLP; Elizabeth Reiner-Oberholzer – Freshfields Bruckhaus Deringer LLP; Marcus Mackensen – Freshfields Bruckhaus Deringer LLP; Götz Lingenthal – Freshfields Bruckhaus Deringer LLP; Anastasios Moraitis – Freshfields Bruckhaus Deringer LLP; Sezer Gülcü – Freshfields Bruckhaus Deringer LLP; Uta Itzen – Freshfields Bruckhaus Deringer LLP; Katrin Gaßner – Freshfields Bruckhaus Deringer LLP; Tom Ensign – Freshfields Bruckhaus Deringer LLP; Nina Heym – Freshfields Bruckhaus Deringer LLP; David Beutel – Freshfields Bruckhaus Deringer LLP; Wolrad Prinz zu Waldeck und Pyrmont – Freshfields Bruckhaus Deringer LLP; Max Betz – Freshfields Bruckhaus Deringer LLP; Antje Brambrink – Freshfields Bruckhaus Deringer LLP; Ulrich Sittard – Freshfields Bruckhaus Deringer LLP; Philipp Schneider – Freshfields Bruckhaus Deringer LLP;

Law Firms: Plesner; Freshfields Bruckhaus Deringer LLP;

Clients: EQT Partners; Sivantos Pte. Ltd.;