Indorama Ventures’ $2.1 Billion Acquisition Of Huntsman Corporation Chemical Intermediates and Surfactants Businesses

Kirkland & Ellis represented Huntsman Corporation in the sell of its chemical intermediates business to Indorama Ventures.

The transaction is valued at $2.076 billion, comprising a cash purchase price of $2.0 billion plus the transfer of up to approximately $76 million in net underfunded pension and other post-employment benefit liabilities.

BofA Merrill Lynch served as Huntsman’s financial advisor and Kirkland & Ellis LLP acted as its legal advisor.

The Kirkland team was led by transactional partner Shawn O’Hargan (Picture) and associates Arlene Ortiz-Leytte, William Halaby and Philippe Simard along with transactional partner David Fox and technology and IP transactions partner David MacDonald. The team also included tax partners Mike Carew and Adam Kool and associate Simon Kwong; technology and IP transactions associates Frank Wei, Joanna Schlingbaum and Mannat Sharma; employee benefits partner Melissa Grim and associate Emily Morrison; executive compensation partner Kate Coverdale and associate Malhar Naik; labor and employment partner Michael Schulman and associate Christine Lacku; environmental transactions partner Toby Chung and associate Carleigh Rodriguez; antitrust partners Ian John, Paul Riedel, Katherine Rocco and Mike Robert-Smith and associates Evan Turange, Miata Eggerly and Katie Drummonds; real estate partner John Goldman and associate Ian Craig; international trade and national security associate Luci Hague; debt finance partner Suhan Shim; and transactional partner Doug Bacon and associates Erik Shoemaker and Patrick Moneypenny.

Involved fees earner: Mike Carew – Kirkland & Ellis; Toby Chun – Kirkland & Ellis; Katherine Coverdale – Kirkland & Ellis; Katie Drummonds – Kirkland & Ellis; Miata Eggerly – Kirkland & Ellis; David Fox – Kirkland & Ellis; Melissa Grim – Kirkland & Ellis; William Halaby III – Kirkland & Ellis; Ian John – Kirkland & Ellis; Adam Kool – Kirkland & Ellis; Simon Kwong – Kirkland & Ellis; Christine Lacku – Kirkland & Ellis; David MacDonald – Kirkland & Ellis; Emily Morrison – Kirkland & Ellis; Malhar Naik – Kirkland & Ellis; Arlene Ortiz-Leytte – Kirkland & Ellis; Shawn O’Hargan – Kirkland & Ellis; Paula Riedel – Kirkland & Ellis; Mike Robert-Smith – Kirkland & Ellis; Katherine Rocco – Kirkland & Ellis; Carleigh Rodriguez – Kirkland & Ellis; Joanna Schlingbaum – Kirkland & Ellis; Michael Schulman – Kirkland & Ellis; Mannat Sharma – Kirkland & Ellis; Philippe Simard – Kirkland & Ellis; Evan Turange – Kirkland & Ellis; Frank Wei – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Huntsman Corporation;

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Author: Ambrogio Visconti