Arkema’s $570 Million Acquisition of ArrMaz

Proskauer advised Arkema Inc. on its agreement to acquire ArrMaz from Golden Gate Capital. Arkema was also advised by Deloitte on finance and tax matters and The Valence Group as financial advisor.

ArrMaz, headquartered in Mulberry, FL, is a global leader in specialty surfactants for crop nutrition, mining and infrastructure. The company generates approx. $290m in revenue with an 18% EBITDA margin.

Arkema (Euronext: AKE) is a global manufacturer of specialty chemicals and advanced materials, in three business segments: High Performance Materials, Industrial Specialties, and Coating Solutions. With annual sales of 8.8 billion euros, Arkema has 20,000 employees and operates in about 55 countries.

The transaction is expected to close in the summer of 2019, subject to customary closing conditions.

The transaction will combine Arkema’s and ArrMaz’s complementary expertise in differentiated formulations, technologies and geographic reach for specialty surfactants.

Proskauer advised Arkema with a team led by partner Ronald Papa (Picture) and senior counsel Simon Sharpe (Corporate) and included associates Luke Mansour, Arianna Lacerte and Jillian Ruben (Corporate). The team included partner Andrea Rattner and associate Oleg Zakatov (Employee Benefits); partner Amanda Nussbaum and associate Aaron Lee (Tax); senior counsel John Ingrassia and special antitrust counsel Jade-Alexandra Fearns (Antitrust), and senior counsel Gail Port and Aliza Cinamon (Environmental); and also included assistance from lawyers across multiple practice areas in Proskauer’s Hong Kong, London, Los Angeles, New York, Paris, São Paulo and Washington DC offices.

Involved fees earner: Aliza Cinamon – Proskauer Rose LLP; Jade-Alexandra Fearns – Proskauer Rose LLP; John Ingrassia – Proskauer Rose LLP; Arianna Lacerte – Proskauer Rose LLP; Muhyung Lee – Proskauer Rose LLP; Lukas Mansour – Proskauer Rose LLP; Amanda Nussbaum – Proskauer Rose LLP; Ron Papa – Proskauer Rose LLP; Gail Port – Proskauer Rose LLP; Andrea Rattner – Proskauer Rose LLP; Jillian Ruben – Proskauer Rose LLP; Simon Sharpe – Proskauer Rose LLP; Oleg Zakatov – Proskauer Rose LLP;

Law Firms: Proskauer Rose LLP;

Clients: Arkema;


Author: Ambrogio Visconti