The closing of the transaction is subject to regulatory approvals and is expected in Q4 2019.
"We were delighted to support Apax in acquiring control over the ADCO Group, a transaction that is yet another example of Apax's investment strategy focused on supporting further growth of market-leading companies," said Vladimír Čížek, partner at Schoenherr Prague and leader of the Czech Republic team.
Pawel Halwa, partner at Schoenherr Warsaw who led the Polish team, added: "It was great working with the other counsel on this acquisition involving a number of jurisdictions, including the Polish market where the target is a clear leader."
Apax Partners is a leading global private equity advisory firm. The Apax Funds invest globally in companies across four sectors (tech & telco, services, healthcare and consumer) providing long-term equity financing to build or strengthen market leaders. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of approximately USD 50 bln.
ADCO Group, founded in Germany, operates the DIXI® and TOI TOI® brands providing portable toilet and sanitation equipment rental and services worldwide. With 49 operating companies and more than 4,000 employees, ADCO is represented in 28 countries worldwide. The company achieved a group turnover of approximately EUR 360 m in 2018.
The Schoenherr Czech Republic team was led by Vladimír Čížek (partner, Prague, corporate/m&a) and supported by Jitka Kadlčíková (attorney-at-law, Prague, corporate/m&a); Stanislav Bednář (attorney-at-law, Prague, dispute resolution); Helena Hangler (attorney-at-law, Prague, labour & employment); Eva Bajáková (attorney-at-law, Prague, regulatory); Claudia Bock (attorney-at-law, Prague, eu & competition); Jiří Marek (attorney-at-law, Prague, corporate/m&a); Rudolf Bicek (attorney-at-law, Prague, corporate/m&a); Jáchym Bém (associate, Prague, real estate); and Tomáš Jansa (associate, Prague, corporate/m&a).
The Schoenherr Poland team was led by Pawel Halwa (partner, Warsaw, corporate/m&a) and supported by Krzysztof Pawlak (counsel, Warsaw, corporate/m&a); Krzysztof Leśniak (attorney-at-law, Warsaw, corporate/m&a); and Daria Rutecka (associate, Warsaw, corporate/m&a).
The Germany based team of UK lead counsel Kirkland & Ellis was headed by Attila Oldag and supported by Thomas Krawitz (partner), Samuel Frommelt (associate) and Angelina Seelbach (associate).
ADCO Group's shareholders were advised by KWM Europe.