Employment and Executive Compensation

Corporate / M&A

Competition

nitto

Nitto Switzerland AG and Nitto Denko Corporation sold its specialized adhesive films technology for side curtain airbags to ZF Friedrichshafen AG (ZF).
Nitto is the global market leader in specialized adhesive films for side curtain airbags. Its products outperform other technologies in terms of gas tightness, heat resistance and thickness, as well as adhesiveness to the airbag fabric.
Homburger acted as legal counsel to Nitto. The Homburger team included partner Andreas Müller, associates Anna Peter, Sarah Chevalley, Marc Hanslin and junior associate Luca Ellenberger (all Corporate / M&amp;A), as well as partner Richard Stäuber (Competition), counsel Peter Müller (Tax) and associate Jeremy Reichlin (Employment and Executive Compensation).

Homburger advised Nitto on the sale of its specialized adhesive films technology for side curtain airbags to ZF

IP / IT

Clariant

On January 3, 2022, Clariant announced that it has completed the sale of its Pigments business to a consortium of Heubach Group and SK Capital Partners and reinvested approx. CHF 115 m of the purchase price to become a 20% shareholder alongside Heubach Group and SK Capital Partners in the ultimate holding company of the combined Clariant-Heubach Pigments Group. The combined business will be a global pigments player with approximately 3,000 employees generating approx. EUR 1 bn in annual sales.
The enterprise value of the sold Clariant Pigments business amounts to approximately CHF 805 to 855 m on a cash and debt free basis (depending on an earn-out payment of CHF 50 m contingent on the 2021 financial performance of the Clariant Pigments business). Clariant&#8217;s net cash inflow after the rollover and initial debt adjustments, but before the closing account adjustments, taxes, transaction costs and the potential earn-out payment, amounts to approximately CHF 615 m.
Homburger acted as global lead counsel to Clariant. The Homburger team was led by partners Frank Gerhard and Daniel Hasler and comprised lead associate Stefan Blunschi, associates Carlo Sulser and Jasmin Künzle, junior associates Lars Göldi and Luca Ellenberger (all Corporate / M&amp;A), partners Marcel Dietrich, Richard Stäuber, counsel Andreas Burger, associates Allegra Arnold, Jonas Krull and Katharina Bratvogel, and Junior Associate Matthias Müller (all Competition), partner Reto Heuberger and associates Arbnor Sheholli and Philippe Weber (all Tax) as well as partners Gregor Bühler and Luca Dal Molin, and associate Philippe Baumann (all IP / IT).

Homburger advised Clariant in the completion of the sale of its Pigments business to a consortium of Heubach Group and SK Capital Partners and its reinvestment in the combined Clariant-Heubach Pigments Group

Luca
Ellenberger

Homburger advised Nitto on the sale of its specialized adhesive films technology for side curtain airbags to ZF

Homburger advised Clariant in the completion of the sale of its Pigments business to a consortium of Heubach Group and SK Capital Partners and its reinvestment in the combined Clariant-Heubach Pigments Group

BGer 4A_297/2019: Cum-Ex: Umgang im Zusammenhang mit Pflichtverletzungen in der Anlageberatung

BGer 4A_416/2019: Schlichtungsverfahren – Erscheinungspflicht des Klägers bei angekündigtem Nichterscheinen des Beklagten

Join the Team

Luca Ellenberger

Career

Languages

Bar Registration

Teams

LucaEllenberger

Homburger advised Nitto on the sale of its specialized adhesive films technology for side curtain airbags to ZF

Homburger advised Clariant in the completion of the sale of its Pigments business to a consortium of Heubach Group and SK Capital Partners and its reinvestment in the combined Clariant-Heubach Pigments Group

BGer 4A_297/2019: Cum-Ex: Umgang im Zusammenhang mit Pflichtverletzungen in der Anlageberatung

BGer 4A_416/2019: Schlichtungsverfahren – Erscheinungspflicht des Klägers bei angekündigtem Nichterscheinen des Beklagten

Join the Team

Luca Ellenberger

Career

Languages

Bar Registration

Teams

Luca
Ellenberger