Baker & McKenzie has advised Zehnder Group, a Swiss-headquartered international leader in heating, cooling and ventilation systems and solutions, on the sale of a production plant in in Chalons-en-Champagne, France. The Chalons plant has been increasingly focused on sheet metal processing and sheet metal processing for third-party customers does not form part of the Zehnder Group's core business.

Callista Private Equity GmbH & Co. KG is acquiring the production plant on terms not disclosed by the parties. Munich-based Callista specializes in carve-out acquisitions from companies of non-core business units and group subsidiaries.

The Chalons plant will remain an important supplier for Zehnder.

Baker & McKenzie Zurich partners Marcel Giger and Alexander Fischer led the team.

"Carve-outs of non-core units are an increasingly common feature of Europe's corporate ecosystem, particularly in the industrial and manufacturing sectors," said Marcel Giger. "It was a pleasure to assist Zehnder Group in this strategic transaction, which forms part of a comprehensive package of measures to reduce its cost base and boost efficiency, sales and earnings."