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29 Jun 2026

Baker McKenzie advises Vertiv on acquisition of ThermoKey

"Baker McKenzie advised Vertiv on its acquisition of ThermoKey S.p.A.; Chiomenti advised the sellers; Gianni & Origoni advised BNP Paribas BNL Equity Investments S.p.A., acting as minority co-investor. The deal expands Vertiv’s thermal portfolio, manufacturing capabilities and integrated offering to support growth in high-density data centres and AI factories."

Baker McKenzie advised Vertiv on the transaction, Chiomenti advised the sellers, and Gianni & Origoni advised BNP Paribas BNL Equity Investments S.p.A., acting as a minority co-investor. Vertiv, a global leader in critical digital infrastructure and a NYSE-listed company, has completed the acquisition of ThermoKey S.p.A., a provider of heat rejection and heat-exchange technologies with long-standing relationships across original equipment manufacturers (OEMs) and system integrators. The acquisition strengthens Vertiv’s thermal portfolio, manufacturing capabilities and integrated offering. It is intended to support the company’s expansion and to meet growing demand for advanced solutions in high-density data centres and AI factories. Baker McKenzie represented Vertiv with a team composed by: partner Paola Colarossi (team lead); partner Anna Marina De Vivo (M&A); senior associate Margherita Pasi (M&A); Federica Longo (FDI); associate Emanuele Della Santa (FDI); and Mirko Maggioni (antitrust). Chiomenti represented the sellers. Gianni & Origoni represented BNP Paribas BNL Equity Investments S.p.A., acting as minority co-investor.
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