Gibson, Dunn & Crutcher LLP served as legal advisor to Platinum Equity on the acquisition of Lonza’s water care business. In Argentina Marval, O’Farrell & Mairal and Beccar Varela advised on the deal
Platinum Equity today announced it has completed the acquisition of Lonza’s water care business in a transaction valued at approximately $630 million.
Headquartered in Alpharetta, GA, the water care business is a leading provider of innovative water treatment solutions. The company maintains six production facilities throughout North America, South America, and EMEA, and sales locations in all major regions globally. It features top consumer brands in the residential pool care market and key positions in high-growth industrial water care markets.
Platinum Equity is a leading global private equity firm with a highly specialized focus on business operations and more than 20 years’ experience acquiring and operating businesses that have been part of large corporate entities. The firm has said it believes the water care business is a strong platform for growth thanks to its market position and track record for innovation.
Following the transfer of ownership and transition to operating as a standalone company, the water care business will create a new corporate identity that will be announced in the months ahead. No changes are expected to the company’s underlying consumer product brands.
As a part of the global Transaction, In Argentina Grupo Lonza executed the transfer of Arch Química Argentina SRL’s quotas to Platinum Equity.
Platinum Equity, LLC is a private equity firm specializing in investments in mergers and acquisitions, special situations, buyouts, operational turnarounds, mature, middle markets, public-to-private transactions, corporate divestitures, underperforming or undervalued businesses, and add-on acquisitions.
In Argentina, Beccar Varela acted as legal advisor to Platinum Equity with a team including Pedro Nicholson (Picture), Pedro Silvestri, Lucía Guardone and Federico Javin.
Marval, O’Farrell & Mairal acted as legal advisor to Grupo Lonza in Argentina with Pablo Artagaveytia, Hugo Jong Uk Woo and Verónica Raffaeli.
Involved fees earner: Lucía Guardone – Beccar Varela; Federico Javin – Beccar Varela; Pedro Nicholson – Beccar Varela; Pedro Silvestri – Beccar Varela; Verónica Vivian Raffaeli – Marval, O’Farrell & Mairal; Pablo Artagaveytia – Marval, O’Farrell & Mairal; Hugo Jong Uk Woo – Marval, O’Farrell & Mairal;