Astorg’s Acquisition of IGM Resins


Moelis & Company LLC acted as exclusive financial advisor, and Jones Day acted as legal advisor to Arsenal and IGM. Houlihan Lokey and Emendo Capital acted as financial advisors, and Paul Hastings LLP and Dechert LLP acted as legal advisors, to Astorg.

Astorg and Arsenal Capital Partners partnered with management and signed a definitive agreement to acquire IGM Resins, a global manufacturer and innovator of ultraviolet curable materials, from Arsenal. The transaction is expected to close in the second quarter of 2018 and is subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.

Headquartered in Waalwijk, the Netherlands, IGM is a leading independent global manufacturer and innovator of high-value, specialty photoinitiators. The Company offers a full platform of complementary UV curable material solutions (photoinitiators, acrylates, and additives) for the high growth UV coatings and inks market. IGM serves a diverse set of attractive, high-growth end-markets with particular strength in graphic arts (inkjet / 3D printing, printings inks for low-migration food packaging), electronics, optical coatings, and adhesives.

Dechert LLP advised Astorg with a team including Ross Allardice (Picture), tax partner Jane Scobie as well as associates Mark Evans, Tony Brown, Jamal Tuhin and Nicolas Kokkinos.

Jones Day advised Arsenal Capital Partners with a team including Stephen T. Olson and Floris Pierik.

Involved fees earner: Ross Allardice – Dechert; Mark Evans – Dechert; Tony Brown – Dechert; Jamal Tuhin – Dechert; Jane Scobie – Dechert; Nicolas Kokkinos – Dechert; Stephen Olson – Jones Day; Floris Pierik – Jones Day;

Law Firms: Dechert; Jones Day;

Clients: Astorg Partners; Arsenal Capital Partners;