KKR Consortium’s $1.56 billion Acquisition of LCY Chemical

Simpson Thacher is acting as lead counsel to a consortium led by KKR to acquire all of the issued and outstanding shares of LCY Chemical Corp. (“LCY”), a company listed on the Taiwan Stock Exchange (TPE: 1704) in an all cash transaction.

The transaction, which has been unanimously approved by the board of directors of LCY, represents a total market capitalization of LCY of approximately NT$47.8 billion (US$1.56 billion). Immediately following consummation of the transaction, KKR will hold a majority and controlling interest in LCY and LCY will be delisted from the Taiwan Stock Exchange. The KKR consortium includes participation by LCY’s current employees and certain members of the founding family.

The Simpson Thacher team for the transaction includes Ian Ho (Picture), Erik Wang, Sonya Ho, and Matthew Leung (M&A); Chris Lin (Capital Markets/M&A); Makiko Harunari, Anuj Shah and Scott Zhang (Credit); Katharine Moir and Jacqueline Clinton (Tax); Marcela Robledo (Intellectual Property); and Mike Isby (Environmental).

 

Involved fees earner: Ian Ho – Simpson Thacher & Bartlett; Erik Wang – Simpson Thacher & Bartlett; Sonya Ho – Simpson Thacher & Bartlett; Matthew Leung – Simpson Thacher & Bartlett; Chris Lin – Simpson Thacher & Bartlett; Makiko Harunari – Simpson Thacher & Bartlett; Anuj Shah – Simpson Thacher & Bartlett; Scott Zhang – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: KKR;

 

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Author: Michael Patrini