Shearman & Sterling is advising the Finnish technology group Nokia in connection with the contemplated acquisition of Withings, a French pioneer and leader in the connected health revolution.
Withings was co-founded by Eric Carreel and Cedric Hutchings in 2008 and is headquartered in France, with approximately 200 employees across its locations in Paris, France, Cambridge, US and Hong Kong. Withings’ portfolio includes activity trackers, weighing scales, thermometers, blood pressure monitors, home and baby monitors.
The planned transaction is expected to close in early Q3 2016, subject to regulatory approvals and customary closing conditions.
The Shearman & Sterling team was led by partners Guillaume Isautier
(Paris-Mergers & Acquisitions) and Scott Petepiece
(New York-Mergers & Acquisitions) and included associates Leila Dhouib (Paris-Mergers & Acquisitions) and Kim Doan (Paris-Mergers & Acquisitions), as well as partners Jordan Altman
(New York-Intellectual Property Transactions) and Doreen Lilienfeld
(New York-Compensation, Governance & ERISA), counsels Anne-Sophie Maes
(Paris-Tax), Françoise Even
(Paris-Compensation, Governance & ERISA) and Mathias Stöcker
(Frankfurt-Mergers & Acquisitions) and associate JB Betker (New York-Intellectual Property Transactions).