First State Investments and Hermes Investment Management’s EUR 1.7 billion acquisition of ferry operator Scandlines from 3i Group

Baker McKenzie advised funds managed by First State Investments and Hermes Investment Management on the acquisition of ferry operator Scandlines from 3i Group and funds managed by 3i for an equity value of EUR 1.7 billion.

3i has separately agreed to reinvest into Scandlines at the same transaction value to become a 35% shareholder alongside First State Investments (50.1%) and Hermes Investment Management (14.9%).

The deal is expected to close in the second quarter of 2018, subject to obtaining regulatory approvals.

The Baker McKenzie team was led by London Corporate Partner Tim Sheddick (picture), supported by Senior Associate Tom Pound, and Associates Victoria Legg and Alex Desberg together with Senior Associate, Alexandros Stratakis on the anti-trust side. From Germany, the team was supported by Partners Nicholas Reinhuber and Jon Meese, Senior Associate Tino Marz and Associate Valesca Molinari.

 

Involved fees earner: Tim Sheddick – Baker McKenzie; Tom Pound – Baker McKenzie; Victoria Legg – Baker McKenzie; Alexandra Desberg – Baker McKenzie; Nicholas Reinhuber – Baker McKenzie; Jon Marcus Meese – Baker McKenzie; Valesca Molinari – Baker McKenzie; Tino Marz – Baker McKenzie; Alexandros Stratakis – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: First State Investments International; Hermes Investment Management Limited;