H.I.G. Capital’s Acquisition of Covestro’s European polyurethane system houses in Germany, the Netherlands, Denmark, Spain and Italy


Hogan Lovells advised Covestro AG on the deal

Covestro AG executed the sale of its European polyurethane system houses in Germany, the Netherlands, Denmark, Spain and Italy to H.I.G. Capital.

Covestro (formerly Bayer MaterialScience) is one of the world’s largest polymer companies. Its business focuses on the manufacturing of high-tech polymer materials and the development of innovative solutions for products used in many areas of everyday life. The DAX company divested the European system house business by way of a combined share and asset deal.

Hogan Lovells advised Covestro AG with a team including Jens Uhlendorf (Partner), Jan-Felix Wickermann (Associate, Corporate/M&A); Marcus Schreibauer (Partner), Sarah-Lena Kreutzmann (Senior Associate, Intellectual Property and Information Technology); Heiko Gemmel (Partner), Anne de Kiff (Senior Associate, Tax and Accounting); Martin Sura (Partner), Sebastian Faust (Senior Associate, Antitrust); Tim Gero Joppich (Partner, Employment); Katlen Blöcker (Partner, Banking and Finance); Johannes Buntjer (Partner), Jan de Snaijer (Partner), Peter Stokking (Counsel, Corporate/M&A); Anton Louwinger (Partner, Tax and Accounting); Alex Dolmans (Partner), Cristina Ortiz (Associate, Corporate/M&A); Juan Garicano (Partner), Igor Montejo (Senior Associate, Tax and Accounting); Luis Enrique de la Villa (Partner), Lucía Escobar (Associate, Employment); Luca Picone (Partner), Martina Di Nicola (Senior Associate, Corporate/M&A); Fulvia Astolfi (Partner), Maria Cristina Conte (Senior Associate, Tax and Accounting).

Involved fees earner: Fulvia Astolfi – Hogan Lovells; Katlen Blöcker – Hogan Lovells; Johannes Buntjer – Hogan Lovells; Maria Cristina Conte – Hogan Lovells; Anne-Svenja de Kiff – Hogan Lovells; Luis Enrique de la Villa – Hogan Lovells; Jan de Snaijer – Hogan Lovells; Martina Di Nicola – Hogan Lovells; Alex Dolmans – Hogan Lovells; Lucía Escobar – Hogan Lovells; Sebastian Faust – Hogan Lovells; Juan Garicano – Hogan Lovells; Heiko Gemmel – Hogan Lovells; Tim Gero Joppich – Hogan Lovells; Sarah-Lena Kreutzmann – Hogan Lovells; Anton Louwinger – Hogan Lovells; Igor Montejo – Hogan Lovells; Cristina Ortiz – Hogan Lovells; Luca Picone – Hogan Lovells; Marcus Schreibauer – Hogan Lovells; Peter Stokking – Hogan Lovells; Martin Sura – Hogan Lovells; Jens Uhlendorf – Hogan Lovells; Jan-Felix Wickermann – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Covestro AG;