Croda’s €820 Million Acquisition of Iberchem

Croda's €820 Million Acquisition of Iberchem

Bredin Prat and Uría Menéndez advised Eurazeo, while Freshfields Bruckhaus Deringer advised Croda on the deal.

Croda International, the speciality chemical company that uses smart science to create high-performance ingredients and technologies that improve lives, and Spain’s Iberchem, a leading global fragrances and flavours company, have reached an agreement in which Croda will acquire Iberchem, for €820 million on a debt-free, cash-free basis. Iberchem has been majority-owned by French investment firm Eurazeo since 2017.

The complementary operations of the two companies, combined with an ambitious growth synergy programme, is set to create additional value for customers. Many customers require both ingredients and fragrances and can expect to benefit from collaborative thinking and full formulation development made possible by this acquisition.

Iberchem will remain an independent entity with extensive support from Croda, continuing to serve its customers while collaborating with Croda teams on cross-selling and other revenue synergy opportunities.

Bredin Prat advised Eurazeo with a team including Florence Haas (Picture), Olivier Saba, Damien Goutte, Arthur Schaefer, Sébastien de Monès, Rima Jirari, Olivier Billard, Anne Jussiaux, and Fanny Thibault.

Freshfields acted for Croda with Madrid office managing partner David Franco and Finance partner Iñaki Gabilondo, Corporate senior associate Carla Gómez, Finance senior associate Antonio Ramírez, together with Corporate associates Mario Pacini, Laura Cue and Ignacio Baena, and Finance associates Domènec Casañ and Cristina de la Puente.

Involved fees earner: Olivier Billard – Bredin Prat; Sebastien de Mones – Bredin Prat; Damien Goutte – Bredin Prat; Florence Haas – Bredin Prat; Rima Jirari – Bredin Prat; Anne Jussiaux – Bredin Prat; Olivier Saba – Bredin Prat; Arthur Schaefer – Bredin Prat; Fanny Thibault – Bredin Prat; Domènec Casañ – Freshfields Bruckhaus Deringer LLP; Laura Cue López – Freshfields Bruckhaus Deringer LLP; David Franco – Freshfields Bruckhaus Deringer LLP; Inaki Gabilondo – Freshfields Bruckhaus Deringer LLP; Carla Gómez – Freshfields Bruckhaus Deringer LLP; Mario Pacini – Freshfields Bruckhaus Deringer LLP; Antonio Ramírez – Freshfields Bruckhaus Deringer LLP;

Law Firms: Bredin Prat; Freshfields Bruckhaus Deringer LLP;

Clients: Croda International Group; Eurazeo;

Author: Ambrogio Visconti