Haniel & Cie’s €430 Million Acquisition Of Interest In CWS-Boco

Greenberg Traurig, LLP assisted Rentokil Initial PLC (Rentokil) in selling its 17.8% interest in CWS-Boco International GmbH to Haniel & Cie. Holding Company (Haniel) for cash consideration of €430 million.

Rentokil provides services aimed at protecting people and enhancing lives, including pest control, commercial hygiene, and plants and scenting. Rentokil reports that it operates more than 1,800 local service teams across 80 countries, covering 91% of global GDP in over 90 of the world’s 100 largest cities.

Haniel is a German family equity company which has been headquartered in Duisburg-Ruhrort since it was founded in 1756. Haniel’s portfolio currently includes four business divisions which hold a leading market position in their respective sectors.

The Greenberg Traurig team was led by London Shareholder Sarah Moyles (Picture), assisted by Berlin Shareholder Josef Hofschroer and Senior Associate Natalie Hsiao, and London Intellectual Property Consultant Ewen Mitchell.

Involved fees earner: Josef Hofschroer – Greenberg Traurig; Natalie Hsiao – Greenberg Traurig; Ewen Mitchell – Greenberg Traurig; Sarah Moyles – Greenberg Traurig;

Law Firms: Greenberg Traurig;

Clients: Rentokil Initial PLC;