NautaDutilh Luxembourg assists Thomas H. Lee Partners and Automate Holdings on $2.8 Billion Investment by SoftBank in AutoStore
NautaDutilh Avocats Luxembourg, alongside Kirkland & Ellis LLP (Chicago, USA), advised Thomas H. Lee Partners in connection with the sale to Softbank of 40% of shares in AutoStore for $2.8 billion, from funds affiliated with Thomas H. Lee Partners, L.P. (“THL”) and EQT Private Equity (“EQT”), among other shareholders. THL will continue to be AutoStore’s majority shareholder, valuing AutoStore at a $7.7 billion enterprise value. The transaction closed on 13 April 2021.
About Thomas H. Lee Partners: Thomas H. Lee Partners, L.P. (“THL”) is a premier private equity firm investing in middle market growth companies exclusively in three sectors: Financial Services, Healthcare and Technology & Business Solutions. THL couples deep sector expertise with dedicated internal operating resources to transform and build great companies of lasting value in partnership with management. The Firm’s domain expertise and resources help to build great companies with an aim to accelerate growth, improve operations and drive long-term sustainable value.
About AutoStore: Founded in 1996, AutoStore is a robotics technology company that invented and continues to pioneer Cube Storage Automation, the densest storage technology. Its focus is to combine software and hardware with human capabilities to further develop the future of efficient warehouses.
NautaDutilh's Corporate team consisted of Greet Wilkenhuysen, David Al Mari and Frédéric Boidin.
Partner Greet Wilkenhuysen who led the team, comments: "special thanks to David and Frederic who assisted in this very fast moving transaction alongside Kirkland & Ellis."
Read the press release here.
