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Freshfields advises Canada Pension Plan Investment Board on its potential equity investment in Elis SA

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised leading global institutional investor Canada Pension Plan Investment Board (‘CPPIB’) in connection with its potential equity investment in Elis SA (‘Elis’), which leads the market in the rental and maintenance of linens, professional garments, and hygiene and wellness equipment.

CPPIB manages the funds of the Canada Pension Plan, and as of 31 March 2017, the CPP Fund totalled CAD 316.7bn. Elis is in the process of making an offer for acquiring Berendsen, a European textile, hygiene and safety solutions business, which would create a Pan-European leader in textile, hygiene and facility services. The acquisition would combine Berendsen’s competitive position in Northern Europe with Elis’s strengths in the rest of Europe and in a number of high-growth markets.

The Freshfields team was led by partners David Higgins and  Alan Mason. This deal marks the second major transaction pertaining to CPPIB that Freshfields has advised on in the last six months. In April 2017, it was announced that a team led by David Higgins and Victoria Sigeti advised CPPIB, Cinven and Hotelbeds Group on their acquisition of GTA from the Kuoni Group.


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About Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms.  Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.

The Freshfields team was led by: