Freshfields, Trilegal, Khaitan & Co and Dechert LLP advised on Blackstone’s divestment from Qlar Group to Everstone Capital.

Blackstone has divested it’s stake in Qlar Group, formerly known as Schenck Process, to Everstone Capital.

Qlar Group develops and manufactures sustainable industrial process solutions including weighing, feeding, conveying, milling and grinding technologies. Headquartered in Darmstadt, Germany, the company employs more than 1,100 people and operates across Europe, China and India, serving industries including chemicals and performance materials, infrastructure, energy and alternative fuels.

Freshfields advised Blackstone on the divestment from Qlar Group.

The Freshfields team was led by Partner Steffen Kleefass (M&A, Frankfurt), Principal Associate Maximilian Kind (M&A, Hamburg) and Associate Maximilian von Scheidt (M&A, Frankfurt).

The wider team comprised Partner Norbert Schneider (Tax, Düsseldorf), Partner Frank Schaer (Employment, Frankfurt); Counsel Marius Scherb (Commercial/IP, Hamburg); Principal Associates Thomas Richter and Sören Lehmann (both Tax, Düsseldorf), Valentin Lang (Employment, Frankfurt) and Felix Roscam Abbing (ACT, Amsterdam); Associates Torben Gerhards and Armin Wulfinghoff (both Tax, Düsseldorf), Christina Dimick (Commercial/IP, Munich), Oliver Neuner (Regulatory, Hamburg) and Lorena Faggioli (Employment, Frankfurt); and Senior Transaction Lawyers Pipitsa Kousoula (Hamburg) and Panagiotis Rentzeperis (Frankfurt).

Trilegal advised Blackstone on the India leg of the global sale of its holding in the Qlar Group to Everstone Capital.

The Transaction Team was led by Partners Arjun Ghose, Vidhi Sarin and Rahil Pereira, and comprised Senior Associate Swarnima Mukherjee, and Associates Mayank Agarwal, Krithika Bhandari and Gayatri Puthran.

The Tax Team was led by Partner Komal Dani, and comprised Counsel Divyam Mittal, Senior Associate Ketki Redkar, and Associates Dia Shetty and Himeesha D.

Khaitan & Co and Dechert advised Everstone Capital on the transaction.