Allen & Overy has advised global private equity firm Apax Partners LLP on the acquisition of Safetykleen Europe from Warburg Pincus, a global private equity firm focused on growth investing.  The transaction is subject to customary closing conditions and is expected to close in Q3 2017.

Safetykleen Europe is the largest service provider of surface treatment and chemical application services. It was established in 1973, is headquartered in London and operates in 14 countries, principally in Europe, as well as Brazil, China and Turkey.

The A&O team advising Apax Partners on this transaction was led by private equity partners Stephen Lloyd and Karan Dinamani, with support from senior associate Monika Przygoda and associates Jeremy Wilkins and Will Hayward. All are based in the London Corporate team.

Stephen commented: “This is an important transaction for Apax Partners, a longstanding client with whom we have worked for many years. Apax ran an aggressive process which was a significant differentiator given the highly competitive nature of the sell side auction.”