Freshfields advises on the restructuring and sale of global IT services business Getronics
Freshfields Bruckhaus Deringer (“Freshfields”) has advised the global IT services business, Getronics, on its restructuring and sale to minority shareholder GSH Private Capital (“GSH”), following a period of transition for the business.
Founded in 1887, Getronics is one of Europe's oldest technology services firms. The business provides a full suite of IT services for many global brands and organisations including Dell, Ford and Inditex, as well as public sector markets. Its 4000 strong team serves over 2000 customers globally. Getronics also leads the Global Workplace Alliance, a partnership of eleven key strategic Alliance Partners, which jointly delivers services in more than 180 countries, offering one single point of ownership, end to end visibility and accountability for the services it delivers.
As part of the restructuring process, Freshfields assisted with a New York law governed bridge financing, a Dutch insolvency process with the involvement of a silent administrator, a pre-pack M&A transaction, and a full restructuring and new financing of the Getronics group.
The Freshfields team was led by restructuring and insolvency partners Michael Broeders (Amsterdam), Adam Gallagher (London), Madlyn Primoff (New York) and Marvin Knapp (Hamburg), finance partner Ana Lopez (Madrid) and counsel Koen Vanlaer (Brussels), supported by a cross border team involving nine Freshfields offices worldwide, alongside Nico Tollenaar at Resor who advised on specific Dutch law insolvency aspects.
Read Getronics’ full statement here: https://www.getronics.com/news-insights/getronics-secures-new-owner-managers/