Gleiss Lutz has advised the British private equity firm Apax Partners LLP ("Apax") and its funds on the German aspects of the sale of Tosca, a US-based food logistics services company, to a subsidiary of the alternative investments arm of Goldman Sachs Asset Management.
Closing of the transaction is expected in 2026, subject to customary closing conditions and regulatory approvals.
Apax, a global private equity advisory firm, invests globally in mid-market companies in the technology, services, and internet/consumer sectors, managing funds with total assets under management of approximately USD 80 billion.
Tosca, headquartered in Atlanta, Georgia, is a North American provider of reusable plastic containers focused on the food supply chain and has entered and grown in the European market under the leadership of Apax. The company operates a global network of 63 service and wash centers and serves more than 5,000 customers across 30 countries in North America and Europe.
Simpson Thacher & Bartlett LLP advised Apax as lead counsel.
The following Gleiss Lutz team advised Apax:
Dr. Jan Balssen (partner, Munich), Dr. Christian Cascante (partner, Frankfurt/Stuttgart, both lead), Dr. Pirmin Schreiner, Niklas Schobel (all M&A/Private Equity, both Munich), Dr. Jacob von Andreae (partner), Aylin Hoffs (counsel, both Foreign Trade Law, both Düsseldorf), Dr. Rut Steinhauser (partner), Josefine Chakrabarti (counsel, both Employment, both Berlin).
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