The international law firm Clifford Chance advised Franz Haniel & Cie. GmbH on the sale of its subsidiary BELFOR International GmbH to the newly established BELFOR Holdings Inc
The international law firm Clifford Chance advised Franz Haniel & Cie. GmbH, Duisburg, on the sale of its subsidiary BELFOR International GmbH, Duisburg, to the newly established BELFOR Holdings Inc., Delaware, USA.
The majority shareholder of BELFOR Holdings Inc. is the current BELFOR Group management team. Franz Haniel & Cie. GmbH has a 25% shareholding in BELFOR Holdings Inc..
The BELFOR Group is the global market leader in managing and repairing fire and water damage. The BELFOR Group employs more than 3,000 people and generated turnover of EUR 673 million in 2005.
The Haniel Group operates internationally and had a turnover of around EUR 26 billion in 2005. It employs approximately 60,000 people and has operations in around 40 countries.
The Clifford Chance team was led by partner Gustaf-Rudolf Schlieper and Counsel Dr. Christoph Holstein (both Corporate Finance, Düsseldorf) and included partners David Brinton (Mergers & Acquisitions, New York), Jay Gavigan (Banking & Finance, London), Philip Wagman (Tax, New York) and Counsel Dr. Jan Dreyer (Corporate Commercial, Düsseldorf), as well as associates Martin Gerner (Corporate Finance, Düsseldorf), Jacqueline Gross-Dagan (Mergers & Acquisitions, Washington), Francis Idehen, Suzanne Miller, Orville Thomas (all Banking & Finance, London) and New York.