Global law firm White & Case LLP has advised Cobepa SA, a leading Belgium-based independent private equity investor, on its acquisition of Ned Stevens, one of the leading gutter cleaning and home maintenance service providers in the United States, from AVALT.
Ned Stevens, which operates in 15 states and services more than 140,000 customers, provides gutter cleaning and other exterior residential services such as dryer vent cleaning, power washing, and window cleaning. The new investment will provide Ned Stevens with significant resources to continue its rapid growth.
The White & Case team was led by M&A partners Thierry Bosly (Brussels), Luke Laumann (New York) and Morgan Hollins (Houston), and included M&A partners Arnaud Cagi-Nicolau and Thomas Glauden (both in Luxembourg), associates Ty Akkoyun, Cristen Callan, Shirley Zhang (all in New York), Yasin Khan (Houston), Olivier Poinsignon and Morgane Bieber (both in Luxembourg); Antitrust partner Rebecca Farrington (Washington, DC) and associates Naari Ha (Washington, DC) and Cassandra Calderon (New York); White Collar/Investigations partner Eric Grannon (Washington, DC); Employment, Compensation & Benefits partner Tal Marnin (New York), counsel Aaron Feuer (New York) and associate Tyrone Crawford (Washington, DC); Real Estate partner Steven Lutt and associate Christian Berger (both in New York); Environmental & Climate Change partner Seth Kerschner (New York); Technology Transactions partner Arlene Arin Hahn and associates Jarrah Al-Buainain and Andie Reyes (all in New York); Data, Privacy & Cybersecurity partner F. Paul Pittman (Washington, DC) and associate Shira Shamir (New York); Tax partners David Dreier (New York) and Christophe Goossens (Luxembourg) and associate Grayson Weeks (New York); Foreign Direct Investment partners Farhad Jalinous and Karalyn Mildorf, and associate Tim Sensenig (all in Washington, DC); Debt Finance partner Justin Wagstaff, and associates Shana White and Arthur Nahas (all in New York); and Derivatives partner Ian Cuillerier (New York). Law clerks Elizabeth Mitreski and Thomas Boulger assisted on the matter.