HeidelbergCement AG (XTRA:HEI) agreed to acquire a 45% stake in Command Alkon Incorporated from Thoma Bravo, L.P. on September 28, 2021. Thoma Bravo will retain the majority stake post completion. The purchase agreement is subject to customary regulatory approvals, which are expected to be obtained by the end of 2021.

As of March 7, 2022, Heidelbergcement has submitted the transaction for approval by the European Commission and a decision is expected by April 11 2022. As of April 12, 2022, the European Commission approved the transaction. Deutsche Bank AG (France) acted as financial advisor to Management and Supervisory Board of HeidelbergCement AG.

Bauer Jan, Schmidt-Bendun Ruediger, Stronski Neil P, Frey, Johannes Goetz, Thorsten C, Vermynck, Eve-Christie Esteves, Jose A and Hollender Victor of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to HeidelbergCement. Neil McDonald and Matthew Bloomfield of Walkers acted as legal advisor for HeidelbergCement.