Element Solutions Inc’s Acquisition of Coventya

Latham & Watkins advised Silverfleet Capital on the sale of Coventya. Moncey Avocats advises the shareholders managers of the Coventya group. Eversheds Sutherland advised Element Solutions Inc.

Silverfleet has entered into exclusive negotiations with Element Solutions Group for the sale of Coventya, an international specialty chemicals company headquartered in France, with the closing of the transaction, scheduled for Q3 or Q4 2021, is subject to regulatory authorizations.

Founded in 1927, Coventya is a leading developer and manufacturer of specialty chemicals used for surface treatment in the general metallization industry. The company, present in 60 countries on four continents, employs around 700 people across 12 production sites and 10 research and development centers. The company manufactures a wide range of products used in many industries, including automotive, luxury and consumer goods, construction, aviation, data storage and energy.

Latham advises Silverfleet on this transaction with a corporate team in Paris led by partners Thomas Forschbach (Photo) and Alexander Benedetti. Jacques-Philippe Gunther, partner, advises on aspects of competition law and Matthias Rubner, partner, advises on aspects of labor law.

Moncey Avocats advises the shareholders managers of the Coventya group with a team led by Frédéric Pinet, partner with Alexandre Brossier on corporate aspects, and Frédéric Bosc on tax law aspects.

The Eversheds team advising on the deal from Paris included Franck Bourgeois, Partner, Corporate; Dan Roskis, Partner, Commercial; and Fabrice Martinez-Tournalia, Principal Associate, Corporate. In London, the team included Robin Johnson, Partner and Co-Chair Eversheds Sutherland’s Cross-Border M&A Team; and Wyn Jones, Head of Legal Project Management.

Involved fees earner: Franck Bourgeois – Eversheds Sutherland; Robin Johnson – Eversheds Sutherland; Wyn Jones – Eversheds Sutherland; Fabrice Martinez-Tournalia – Eversheds Sutherland; Dan Roskis – Eversheds Sutherland; Alexander Benedetti – Latham & Watkins; Thomas Forschbach – Latham & Watkins; Jacques-Philippe Gunther – Latham & Watkins; Matthias Rubner – Latham & Watkins; Frédéric Bosc – Moncey Avocats; Alexandre Brossier – Moncey Avocats; Frédéric Pinet – Moncey Avocats;

Law Firms: Eversheds Sutherland; Latham & Watkins; Moncey Avocats;

Clients: Coventya SAS; Element Solutions; Silverfleet Capital;

Author: Naoual Sadouqi

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