Schoenherr advises Apax Partners on the acquisition of a majority stake in ADCO Group

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.