ALCIS is appointed as Monitoring Trustee to oversee the implementation of the Commitments given by France and Air France-KLM in relation to the French recapitalisationplan.
Under the CommitmentsFrance committed that Air France makes available to a remedy taker up to 18 daily slots at Paris Orly airport by way of code-sharing and to definitively transfer the slots (without transferring staff or else) to the remedy taker (referred to asStructural Commitments).
THE TERMS OF THE CALL FOR PROPOSALS FOR SLOTS MADE AVAILABLE BY AIR FRANCE AT ORLY AIRPORT CAN BE ACCESSEDHERE. FAQ can be accessed here.
The London Stock Exchange’s acquisition of the Refinitiv business (US) raised competition concerns with the EU Commission (Phase II investigation).
As a remedy, LSEG offered to divest the Italian Stock Exchange Borsa Italiana to the European exchange operator Euronext and a series of behavioural commitments granting open access to selected clearing and financial data services for more than 10 years. ALCIS has been acting as a monitoring trustee for the EU Commission in this process.
The acquisition of Suez’ waste management activities in multiple EU countries by German Mittelstand group Schwarz raised competition concerns with the EU Commission.
As a remedy, Schwarz committed to divest Suez’ Rotterdam based Light Waste Packaging sorting facility – to be carved out and transferred into a new legal entity. ALCIS has been acting as monitoring trustee of the EU Commission.
GAZPROM’s dominant position in Central and Eastern Europe’s gas supply raised competition concerns with the EU Commission.
As a behavioral remedy, GAZPROM committed to amend their gas supply contracts in several CEE countries to facilitate the free flow of gas in Central and Eastern Europe at competitive prices over 15 years. ALCIS has been acting as monitoring trustee of the EU Commission.
ALCIS acted as interim CFO for 3 years, throughout the re-structuring, re-focus and financing process.
Local Motors Inc., the Phoenix based designer and manufacturer of the first 3D-printed car (Strati) and of the autonomous, electric shuttle Olli, needed an experienced CFO to help re-focus its business model and restructure its international operations – in the US and Germany – in order to engage and fund its next growth phase.
The acquisition of Armstrong’s EMEA and APAC business activities by global building materials manufacturer Knauf (D) raised competition concerns with the EU Commission.
As a remedy, Knauf committed to divest the Armstrong’s suspended ceilings business in the mineral fiber tiles and metal grid segments in 11 EU countries in a complex carve-out, including an extensive upgrade of the divestment business production line in the UK. The divestment business was sold to the PE investor Aurelius (D). ALCIS has been acting as monitoring trustee of the EU Commission.
The acquisition of the technology group L3 Technologies (US) by the global military group Harris (US) raised competition concerns with the EU Commission and the DOJ (US) in the segment of night vision devices.
As a remedy, Harris committed to divest its night vision division (US). The Divestment Business was ultimately sold to Elbit (Israel/US). ALCIS acted as monitoring trustee of the EU Commission.
The acquisition of the automotive parts wholesaler Stahlgruber (D) by the global wholesaler LKQ (US) raised concerns in the EU, and specifically in the Czech Republic.
In order to close the global LQK/Stahlgruber merger, the parties decided to carve out, hold separate and finally divest their Czech activities to Swiss SAG in line with the proceedings of the Czech competition authority. ALCIS acted as monitoring trustee for the parties.
The merger of RHI (A) and Magnesita (BR), two global leaders in the refractories industry, raised competition concerns with the EU Commission.
As a remedy, the merger parties committed to divest several entities and plants of their respective dolomite and magnesite businesses in Germany, Italy and Spain. The carved-out Divestment Business was sold to Intocast (D). ALCIS acted as compliance and trustee adviser to Intocast.
The private shareholders of Lerbs AG, an international wholesaler of industrial supplies (MRO) based in Northern Germany, decided to sell the company to a strategic investor for the company’s next growth phase.
ALCIS advised on the successful sale to the UK based MRO wholesaler Rubix, an investment company of the PE investor Advent.
The state of Rhineland-Palatinate has tendered a 10+5-years concession to operate casinos in Bad Neuenahr, Bad Duerkheim and Nuerburg.
ALCIS advised the Ministry of the Interior and the Ministry of Finance on the process design as well as on the evaluation of the business plans and operating concepts presented by the bidders. ALCIS had already performed the same set of tasks when the State tendered a concession for casinos in Mainz, Trier and Bad Ems.