Corporate / M&A

IP / IT

Competition

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

Financing and Investment Products

Regulatory

Platinum Equity

On July 6, 2021, Platinum Equity announced that it has signed a definitive agreement to acquire Solenis, a leading global producer of specialty chemicals used in water-intensive industries, from Clayton, Dubilier &amp; Rice and BASF in a transaction that implies an enterprise value for Solenis of USD 5.25 bn.
As part of the transaction, Solenis is expected to merge with Sigura Water, an existing Platinum Equity portfolio company the firm acquired in 2019, for a total combined transaction value of approximately USD 6.5 bn. The combined company is expected to generate approximately USD 3.5 bn of revenue and serve a diverse range of customers around the world in consumer, industrial and pool water treatment markets.
Homburger advises Platinum Equity on the Swiss legal and tax aspects of the transaction. The Homburger team includes partners Stefan Kramer (Financing and Investment Products), Andreas Müller (Corporate / M&amp;A), Stefan Oesterhelt (Tax) and Richard Stäuber (Competition; Regulatory), associates Margrit Marti (Corporate / M&amp;A) and Yves Bianchi (Competition; Regulatory), and junior associates Matthias Müller (Corporate / M&amp;A) and Yannick Rüfenacht (Financing and Investment Products).

Homburger advises Platinum Equity in its Acquisition of Solenis

Colfax

On June, 8, 2021, DJO, a subsidiary of Colfax Corporation and a leading global provider of medical technologies to get and keep people moving, announced that Colfax has entered into a definitive agreement to expand DJO’s successful reconstructive business and acquire Mathys AG Bettlach, a Switzerland-based company that develops and distributes innovative products for artificial joint replacement, synthetic bone graft solutions, and sports medicine. The transaction is expected to close in the third quarter of 2021, subject to receipt of applicable regulatory approvals and the satisfaction of other closing conditions.
Homburger acts as lead counsel to Colfax Corporation. Partner David Oser (Corporate / M&amp;A) leads the Homburger team, which comprises counsel Micha Fankhauser (Corporate / M&amp;A), associates Moritz Riesener (Corporate / M&amp;A), Patrick Schmidt (Corporate / M&amp;A), Romain Fakhoury (Corporate / M&amp;A) and Matthias Müller (Corporate / M&amp;A), and partners Claudio Bazzani (Regulatory) and Reto Heuberger (Tax).

Matthias
Müller

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

Homburger advises Platinum Equity in its Acquisition of Solenis

Homburger advises Colfax Corporation on its pending acquisition of Mathys AG Bettlach

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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

Homburger advises Platinum Equity in its Acquisition of Solenis

Homburger advises Colfax Corporation on its pending acquisition of Mathys AG Bettlach

Covid-GV für immer?

Wirkung des Revisionsbefundes auf die Haftung des Verwaltungsrates aus aktienrechtlicher Verantwortlichkeit

Die Fairness Opinion im Übernahmerecht

Join the Team

Matthias Müller

Career

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Bar Registration

Teams

Matthias
Müller