International law firm Weil, Gotshal & Manges is currently advising the management team of the Dometic Group (“Dometic”) in connection with the offer by EQT V to acquire Dometic from a consortium of its lenders (constituting 70% of the shareholders), the board of directors, and the management team (constituting 30% of the shareholders). The team is being led by London partner Mark Soundy, assisted by Simon Burrows.

The total transaction value is approximately SEK 12 billion (c.€1.25 billion), amounting to around 8.9 times the 2010 operating profit (EBITDA) of SEK 1.35 billion. Management intends to reinvest approximately 55% of the net proceeds generated by the transaction. Completion of the acquisition is subject to approval by an extraordinary general meeting of Dometic, expected to be held this month.

Dometic Group is a global provider of leisure products for the caravan, motor-home, car, truck, hotel and boat industries. EQT is a leading private equity group in Northern Europe, with more than €13 billion in raised capital and multiple investment strategies, and focuses on acquiring or financing medium-sized to large companies in Northern and Eastern Europe, Asia and the US.