Platinum Equity’s Acquisition of Oregon Tool

Homburger and Willkie Farr & Gallagher advised Platinum Equity on the deal., while Debevoise & Plimpton LLP is advising Clayton, Dubilier & Rice and its portfolio company, Solenis.

Platinum Equity announced that it has signed a definitive agreement to acquire Solenis, a leading global producer of specialty chemicals used in water-intensive industries, from Clayton, Dubilier & Rice and BASF in a transaction that implies an enterprise value for Solenis of USD 5.25 bn.

As part of the transaction, Solenis is expected to merge with Sigura Water, an existing Platinum Equity portfolio company the firm acquired in 2019, for a total combined transaction value of approximately USD 6.5 bn. The combined company is expected to generate approximately USD 3.5 bn of revenue and serve a diverse range of customers around the world in consumer, industrial and pool water treatment markets.

The Homburger team included partners Stefan Kramer (Picture – Financing and Investment Products), Andreas Müller (Corporate / M&A), Stefan Oesterhelt (Tax) and Richard Stäuber (Competition; Regulatory), associates Margrit Marti (Corporate / M&A) and Yves Bianchi (Competition; Regulatory), and junior associates Matthias Müller (Corporate / M&A) and Yannick Rüfenacht (Financing and Investment Products).

Willkie Farr & Gallagher advised Platinum Equity with partners Cristopher Greer, Joshua Deason, Jason Pearl and Jennifer Tait, and associate Julie Ann Rosenberg.

The Debevoise team was led by M&A partners Spencer Gilbert, Christopher Anthony and Michael Diz and included partner David Innes and associates Hilary Davidson, Margaret Howard and James Malmo, finance partner Scott Selinger and counsel Kevin Grondahl, benefits partner Franklin Mitchell and associate Wendy Widman, tax partners Erin Cleary, Peter Furci and Richard Ward and associates Heather Atkins, Molly Klinghoffer and Lena Smith, capital markets partner Paul Rodel, antitrust partners Timothy McIver and Michael Schaper, counsel Kyra Bromley and associates Kayleigh Anderson, Megan MacDonald and Anne-Mette Heemsoth, intellectual property associate Tigist Kassahun, and environmental counsel Stuart Hammer and associate Harry Zirlin.

Involved fees earner: Kayleigh Anderson – Debevoise & Plimpton; Christopher Anthony – Debevoise & Plimpton; Heather Atkins – Debevoise & Plimpton; Molly Bailey Klinghoffer – Debevoise & Plimpton; Kyra Bromley – Debevoise & Plimpton; Erin Cleary – Debevoise & Plimpton; Hilary Davidson – Debevoise & Plimpton; Michael Diz – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; Spencer Gilbert – Debevoise & Plimpton; Kevin Grondahl – Debevoise & Plimpton; Stuart Hammer – Debevoise & Plimpton; Anne-Mette Heemsoth – Debevoise & Plimpton; Margaret Howard – Debevoise & Plimpton; David Innes – Debevoise & Plimpton; Tigist Kassahun – Debevoise & Plimpton; Megan MacDonald – Debevoise & Plimpton; James Malmo – Debevoise & Plimpton; Timothy McIver – Debevoise & Plimpton; Franklin Mitchell – Debevoise & Plimpton; Paul Rodel – Debevoise & Plimpton; Michael Schaper – Debevoise & Plimpton; Scott Selinger – Debevoise & Plimpton; Lena Smith – Debevoise & Plimpton; Richard Ward – Debevoise & Plimpton; Wendy Widman – Debevoise & Plimpton; Harry Zirlin – Debevoise & Plimpton; Yves Bianchi – Homburger; Stefan Kramer – Homburger; Margrit Marti – Homburger; Andreas Müller – Homburger; Matthias Müller – Homburger; Stefan Oesterhelt – Homburger; Yannick Rüfenacht – Homburger; Richard Stäuber – Homburger; Joshua Deason – Willkie Farr & Gallagher; Cristopher Greer – Willkie Farr & Gallagher; Jason Pearl – Willkie Farr & Gallagher; Julie Ann Rosenberg – Willkie Farr & Gallagher; Jennifer Tait – Willkie Farr & Gallagher;

Law Firms: Debevoise & Plimpton; Homburger; Willkie Farr & Gallagher;

Clients: Clayton Dubilier & Rice; Platinum Equity, LLC; Solenis LLC;

Author: Martina Bellini