Danfoss’ $3.3 Billion Acquisition of Eaton’s Hydraulics Business

Winston & Strawn, Veirano Advogados, Hogan Lovells, Nautadutilh, Brodies , Creel, Deheng Law, Leeko, J. Sagar Associates, Nagashima Ohno & Tsunematsu, Nagashima Ohno & Tsunematsu and Paksoy represented Danfoss in the transaction.
Gibson & Dunn and Jones Day advised Eaton. Hengeler Mueller acted as EU antitrust counsel to Danfoss.

Danfoss executed the acquisition of Eaton’s Hydraulics business for a cash purchase price of $3.3 billion USD (approximately 3.0 billion EUR).

The Danfoss and Eaton Hydraulics businesses are leaders in the industry and have many organizational similarities, including company culture and a focus on customers, R&D and quality. Both businesses are global with complementary geographic footprints and the combined business creates a broader presence across the world. Furthermore, the acquisition will enable Danfoss to enter the industrial hydraulics market that is served by Eaton Hydraulics. 

Eaton’s Hydraulics business provides products for customers in markets such as agriculture, construction, and in industrial market segments.

Winston deal team was led by New York Partner Uri Doron (Picture) and included Partners Jared Manes (New York), Neely Agin (DC), Scott Landau (New York), Becky Troutman (San Fransisco), Doug Yeager (Houston), Rob Heller (New York), Chris Monahan (DC), Francesca Guerrero (DC), Eleni Kouimelis (Chicago), and Conor Reidy (Chicago).

Veirano advised Danfoss with a team including Alex Backsmann, Graziela Lima, Renata Fialho de Oliveira, Maria Leticia Goes, Silvia Araujo, Evelyn Rollo, Priscila Yoshikawa, Filipe Richter, Luiza Leal, Renata Gomes, Flavio Volpe, Amanda Rudzit, Fabio Pereira, Adriana Rollo, Leonardo Duarte, Mariana Villela, Rodrigo Santos, Raphael Moreira Espirito Santo, Bruno Caliman, Renata Stein, Felipe Bastos, Andrea Piccolo, Marta Saad, Mariana Leiva, Ana Luci Grizzi, Julia Ferreira.

In Mexico, Creel, García-Cuéllar, Aiza y Enríquez, S.C. advised Danfoss with Iker Arriola, Mauricio Serralde, Francisco Peniche, Jorge A. Quintanilla Dieck, Julio Álvarez, Aleine Obregón, Joaquín Junco, Alicia Abúndez, Carlos Joaquín Yamamoto Hernández, Alejandro Castelló, Lizbeth Bórquez, Mónica Andonegui and Ana Lucía Quintanilla. Asistente legal Ricardo Contreras.

In India, J. Sagar Associates advised Danfoss with Sidharrth Shankar, Shweta Gupta, Srishti Moitra, Aman Bhatia, Prakriti Jaiswal and Hema Priyadarshini Patnaik.

In Germany Hogan Lovells advised Danfoss with Andreas H. Meyer, Christian Stoll, Eckard Schwarz, Norbert Heier y Christian Tinnefeld. Asociados Katrin Schumacher, Bastian Englisch, Benedikt Dellen, Eckard Schwarz, Ina Hoppach and  Celine Helmschrot.

In Instanbul, Paksoy advised advised Danfoss with Elvan Aziz, Hazal Korkmaz.

In The Netherlands NautaDutilh advised Danfoss with Ruud Smits and Harm van Schaijk.

Gibson, Dunn & Crutcher advised Eaton Corporation plc  Stephen Glover, Evan D’Amico, Sean Feller, Eric Sloan, David Kennedy y Michael Murphy, Alisa Babitz, Harrison Korn, Rob Kelley and Ryan Oringer.

The Hengeler Mueller team was led by Markus Röhrig and also included Hans-Joerg Niemeyer, Philipp Neideck, Christoph Wilken, Malcolm Tiffin-Richards, Lukas Ritzenhoff, Laura Stoicescu, Joachim Burger, Anja Balitzki, Sara Jungewelter and Malte Frank.

The Jones Day team was led by Aimee DeFilippo and Philipp Werner.

Involved fees earner: Alicia Abúndez – Creel, García-Cuéllar, Aiza y Enriquez SC; Julio Álvarez Ortega – Creel, García-Cuéllar, Aiza y Enriquez SC; Mónica Andonegui – Creel, García-Cuéllar, Aiza y Enriquez SC; Iker Arriola Peñalosa – Creel, García-Cuéllar, Aiza y Enriquez SC; Lizbeth Bórquez – Creel, García-Cuéllar, Aiza y Enriquez SC; Alejandro Castelló – Creel, García-Cuéllar, Aiza y Enriquez SC; Joaquín Junco – Creel, García-Cuéllar, Aiza y Enriquez SC; Aleine Obregón Natera – Creel, García-Cuéllar, Aiza y Enriquez SC; Francisco Peniche Beguerisse – Creel, García-Cuéllar, Aiza y Enriquez SC; Ana Lucía Quintanilla – Creel, García-Cuéllar, Aiza y Enriquez SC; Jorge Quintanilla Dieck – Creel, García-Cuéllar, Aiza y Enriquez SC; Mauricio Serralde – Creel, García-Cuéllar, Aiza y Enriquez SC; Carlos Yamamoto – Creel, García-Cuéllar, Aiza y Enriquez SC; David Kennedy – Davis Polk & Wardwell; Alisa Babitz – Gibson Dunn & Crutcher; Evan D’Amico – Gibson Dunn & Crutcher; Sean Feller – Gibson Dunn & Crutcher; Stephen Glover – Gibson Dunn & Crutcher; Rob Kelley – Gibson Dunn & Crutcher; Harrison Korn – Gibson Dunn & Crutcher; Michael Murphy – Gibson Dunn & Crutcher; Ryan Oringer – Gibson Dunn & Crutcher; Eric Sloan – Gibson Dunn & Crutcher; Anja Balitzki – Hengeler Mueller; Joachim Hannes Burger – Hengeler Mueller; Malte Frank – Hengeler Mueller; Sara Jungewelter – Hengeler Mueller; Philipp Otto Neideck – Hengeler Mueller; Hans-Jörg Niemeyer – Hengeler Mueller; Lukas Ritzenhoff – Hengeler Mueller; Markus Röhrig – Hengeler Mueller; Laura Stoicescu – Hengeler Mueller; Malcolm Tiffin-Richards – Hengeler Mueller; Christoph Wilken – Hengeler Mueller; Benedikt Dellen – Hogan Lovells; Bastian Englisch – Hogan Lovells; Norbert Heier – Hogan Lovells; Ina Hoppach – Hogan Lovells; Andreas Meyer – Hogan Lovells; Katrin Schumacher – Hogan Lovells; Eckard Schwarz – Hogan Lovells; Christian Stoll – Hogan Lovells; Christian Tinnefeld – Hogan Lovells; Aman Bhatia – J. Sagar Associates (JSA); Shweta Gupta – J. Sagar Associates (JSA); Prakriti Jaiswal – J. Sagar Associates (JSA); Srishti Moitra – J. Sagar Associates (JSA); Hema Priyadarshini Patnaik – J. Sagar Associates (JSA); Sidharrth Shankar – J. Sagar Associates (JSA); Aimee DeFilippo – Jones Day; Philipp Werner – Jones Day; Ruud Smits – NautaDutilh; Harm van Schaijk – NautaDutilh; Elvan Aziz – Paksoy; Hazal Korkmaz – Paksoy; Till Alexander Backsmann – Veirano Advogados; Felipe Bastos – Veirano Advogados; Bruno Caliman – Veirano Advogados; Filipe Carra Richter – Veirano Advogados; Maria Letícia Curtolo de Goes – Veirano Advogados; Renata Fialho de Oliveira – Veirano Advogados; Julia Filipini Ferreira – Veirano Advogados; Renata Gomes – Veirano Advogados; Flavio Junqueira Volpe – Veirano Advogados; Luiza Leal – Veirano Advogados; Mariana Leiva – Veirano Advogados; Ana Luci Grizzi – Veirano Advogados; Leonardo Duarte – Veirano Advogados; Amanda Mattos Rudzit – Veirano Advogados; Raphael Moreira Espírito Santo – Veirano Advogados; Fabio Pereira – Veirano Advogados; Andrea Piccolo – Veirano Advogados; Graziela Pinto Lima Galves – Veirano Advogados; Evelyn Pontes Rolo – Veirano Advogados; Priscila Yoshikawa – Veirano Advogados; Adriana Rollo – Veirano Advogados; Marta Saad – Veirano Advogados; Rodrigo Santos – Veirano Advogados; Silvia Araujo – Veirano Advogados; Renata Stein Lopes – Veirano Advogados; Mariana Villela – Veirano Advogados; Neely Beth Agin – Winston & Strawn; Uri Doron – Winston & Strawn; Francesca Guerrero – Winston & Strawn; Robert Heller – Winston & Strawn; Eleni Kouimelis – Winston & Strawn; Scott Landau – Winston & Strawn; Jared Manes – Winston & Strawn; Christopher Monahan – Winston & Strawn; Conor Reidy – Winston & Strawn; Becky Troutman – Winston & Strawn; Douglas Yeager – Winston & Strawn;

Law Firms: Creel, García-Cuéllar, Aiza y Enriquez SC; Davis Polk & Wardwell; Gibson Dunn & Crutcher; Hengeler Mueller; Hogan Lovells; J. Sagar Associates (JSA); Jones Day; NautaDutilh; Paksoy; Veirano Advogados; Winston & Strawn;

Clients: Danfoss; Eaton Corporation plc ;

Martina Bellini

Author: Martina Bellini