Bär & Karrer Advises Pentair on Separation of its Electrical Business
On 30 April 2018, Pentair announced that it has completed the separation of its electrical business worth USD 2.1 billion, which is now held by nVent Electric plc ("nVent"), a new independent, publicly-traded company. nVent shares began trading on the New York Stock Exchange on 1 May 2018 under the symbol "NVT".
Bär & Karrer acted as Swiss legal counsel to Pentair in this transaction. The team included Ralph Malacrida, Micha Schilling, Faton Aliu, Raima Sherifoska (all Corporate), Daniel Lehmann (Tax), Thomas Stoltz and Michael Rohrer (both Notarial Services).