Indorama’s $1.3 Billion Acquisition of Ultrapar’s Chemical Unit

Lowenstein, Beccar Varela, and Mattos Filho, Veiga Filho, Marrey Jr. E Quiroga advised Indorama Ventures on the deal. Skadden, Stocche Forbes, BMA – Barbosa, Müssnich, Aragão and White & Case advised Ultrapar Participacoes.

Indorama Ventures (BKK: IVL) closed an agreement to purchase the specialized chemical unit Oxiteno from Brazilian conglomerate Ultrapar Participações SA. The transaction was valued at $1.3 billion.

Oxiteno produces chemicals in Brazil, Mexico, and the United States for a variety of end uses, including food processing, agriculture, and hygiene. The sale effectively completes a previously announced reorganization by Ultrapar, which owns one of the largest gas station chains in South America.

Thailand-based Indorama Ventures is a world-class chemicals company with a global integrated leader in PET and fibers serving major customers in diversified end-use markets.

The Lowenstein Sandler deal team included Nicholas San Filippo IV (Picture), Sam E. Khan, Mitchell McDonald, Danielle M. Falzone, Diana Kim, Norman W. Spindel, Zachary L. Berliner, Stuart S. Yusem, Stephen Tanico, Brian Silikovitz, Kristin V. Taylor, Sartaz Singh, Megan Monson, Taryn E. Cannataro, Bryan Sterba, Jenna-Marie Tracy, Doreen M. Edelman, and Abbey E. Baker.

In Argentina, Beccar Varela advised Indorama Ventures with María Shakespear, Felipe Luis María Videla, María Eduarda Noceti, Luciana Marina Liefeldt. Asociados Victoria Hugo and Juan I. Pazos.

In Brazil, Mattos Filho, Veiga Filho, Marrey Jr. E Quiroga advised Indorama Ventures with Fernando Amendola, Francisco Almeida Prado de Andrade Coutinho, Amadeu Carvalhaes Ribeiro, Flavio Mifano , Rossana Fernandes Duarte, Alexandre Soares Andrade, Vítor de San Juan Faria, Mariana Pio da Rocha Pereira, Bernardo Zahran Rache de Almeida, David Gandelman Kelman, Daniel Maia Santana, Stephanie Scandiuzzi and Bruna Gabriele de Sousa Caixeta.

Skadden, Arps, Slate, Meagher & Flom advised Ultrapar Participacoes S.A. with Paul T. Schnell and  Filipe Areno.

Stocche Forbes Advogados advised Ultrapar Participacoes S.A. with Daniel Abraham Loria,  Andreza Ribeiro and Amanda Melilo.

BMA – Barbosa, Müssnich, Aragão advised Ultrapar Participacoes S.A. in Brazil.

White & Case also advised Ultrapar Participacoes S.A. in US, Mexico and Brazil.

Involved fees earner: Victoria Hugo – Beccar Varela; Luciana Liefeldt – Beccar Varela; María Eduarda Noceti – Beccar Varela; Juan Ignacio Pazos – Beccar Varela; María Shakespear – Beccar Varela; Felipe Videla – Beccar Varela; Andreza de Souza Ribeiro Fonseca – Cescon, Barrieu, Flesch & Barreto; Abbey Baker – Lowenstein Sandler; Zachary Berliner – Lowenstein Sandler; Taryn Cannataro – Lowenstein Sandler; Doreen Edelman – Lowenstein Sandler; Danielle Falzone – Lowenstein Sandler; Sam Khan – Lowenstein Sandler; Diana Kim – Lowenstein Sandler; Mitchell McDonald – Lowenstein Sandler; Megan Monson – Lowenstein Sandler; Nicholas San Filippo IV – Lowenstein Sandler; Brian Silikovitz – Lowenstein Sandler; Sartaz Singh – Lowenstein Sandler; Norman Spindel – Lowenstein Sandler; Bryan Sterba – Lowenstein Sandler; Stephen Tanico – Lowenstein Sandler; Kristin Taylor – Lowenstein Sandler; Jenna-Marie Tracy – Lowenstein Sandler; Stuart Yusem – Lowenstein Sandler; Bruna Gabriele de Sousa Caixeta – Mattos Engelberg Advogados; Francisco Almeida Prado de Andrade Coutinho – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Fernando Amendola – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Amadeu Carvalhaes Ribeiro – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Vítor de San Juan Faria – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Rossana Fernandes Duarte – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Flávio Mifano – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Mariana Pio da Rocha Pereira – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Bernardo Zahran Rache de Almeida – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Stephanie Scandiuzzi – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Alexandre Soares Andrade – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Filipe Areno – Skadden Arps Slate Meager & Flom; Paul Schnell – Skadden Arps Slate Meager & Flom; Amanda Cavalcante Lopes Melilo – Stocche Forbes Advogados; Daniel Abraham Loria – Stocche Forbes Advogados;

Law Firms: Beccar Varela; Cescon, Barrieu, Flesch & Barreto; Lowenstein Sandler; Mattos Engelberg Advogados; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Skadden Arps Slate Meager & Flom; Stocche Forbes Advogados;

Clients: Indorama Ventures Public Company Limited; Ultrapar Participações S.A.;

Martina Bellini

Author: Martina Bellini