Pressmeddelande -
Delphi advisors to Nibe Industrier AB (publ) on the acquisition of WaterFurnace Renewable Energy, Inc. in a recommended transaction
Delphi has advised Nibe Industrier AB (publ) on the acquisition of WaterFurnace Renewable Energy, Inc. in a recommended transaction. WaterFurnace is one of the market leaders in the North American geothermal heat pump heating and cooling solutions market and is listed on the Toronto Stock Exchange.
WaterFurnace shareholders will receive C$30.60 per share in cash. The total equity value of the transaction is approximately SEK 2.4 billion. The transaction is subject to various regulatory approvals and the approval of WaterFurnace´s shareholders.
Delphi cooperated with the following local advisors: Neal, Gerber & Eisenberg in the U.S., Cassels Brock & Blackwell in Canada, Minter Ellison in Australia, Guantao in China and PWCC in Hong Kong. Ellestad and Strata Advisory acted as financial advisors. KPMG acted as financial due diligence advisor.
For more information, please see Nibe’s press release »
Delphi's team was led by partner Per-Ivar Svensson assisted by Micael Karlsson, Erica Nobel responsible for environmental issues and Marcus Nivinger responsible for Stock Exchange related issues.
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Delphi is one of the top commercial law firms in Sweden. We help our clients with mergers and acquisitions. We advise them on matters of banking, finance and capital markets. We represent clients in court and in arbitration and are acknowledged as being extremely competent in public procurement and environmental law.
Many of us are specialists in high-tech fields such as IT, intellectual property and life science. Our drive and our interest in technology and business probably explain, in part, our success. We are often praised for our commercial sense and our ability to understand the client’s business.
Our clients are to be found primarily in Scandinavia, Europe and North America. We also co-operate with law firms globally and regularly assist clients on international matters. We have a total workforce of 200, of which 140 are lawyers. We have offices in Stockholm, Göteborg, Malmö, Linköping and Norrköping.
