Vertellus’ Acquisition of ESIM Chemicals’ Intermediates & Specialty Chemicals Division Close

Sidley Austin and Herbst Kinsky have advised ESIM Chemicals on the deal. Binder Grösswang advised Vertellus.

Vertellus has signed a definitive agreement to acquire ESIM Chemicals’ intermediates and specialties division (“IM Chemicals”), a leading provider of specialty chemical products serving the pharmaceutical, coatings, and fuel & lubricant markets.

Founded in 1857, Vertellus is a leading provider of specialty products for the healthcare, personal care, food & agriculture, coatings, and transportation markets. The company manufactures more than 700 products that are used in medical devices, vitamins, health & beauty applications, crop protection, and additives for fuel & lube applications. Vertellus serves customers across the globe from 10 manufacturing facilities located in the United States, United Kingdom, India, and China. Indianapolis-based Vertellus is owned by Pritzker Private Capital and management.

IM Chemicals is a leading producer of specialty anhydrides products used across a diverse group of end markets including coatings, pigments, construction and pharmaceutical. IM Chemicals operates a production site in Linz, Austria with more than 150 employees.

The Herbst Kinsky team was led by Dr. Christoph Wildmoser (Picture – Corporate/M&A/Financing) with support from Dr. Wolfgang Schwackhöfer (Corporate/M&A), Dr. Alexander Weber (Corporate), Dr. Sonja Hebenstreit, Dr. Valerie Mayer (both Merger and Investment Control), Matthias Konrad (Financing) and Dr. Christoph Ludvik as well as Dr. Tanja Lang (both Employment Law).

The Sidley team was led by Dr. Jan Schinköth (Private Equity, Munich) with support from Dr. Markus Feil (Financing), Andreas Steiger (Restructuring), Sebstian Walczak, Stefan Bührle (both Private Equity) and Folko Moroni (Financing).

The Binder Grösswang team was led by partners Thomas Schirmer and Philipp Kapl and included senior associate Wolfgang Guggenberger and associates Felix Fuith and Pia Havel.

Involved fees earner: Felix Fuith – Binder Grösswang Rechtsanwälte GmbH; Wolfgang Guggenberger – Binder Grösswang Rechtsanwälte GmbH; Pia-Alena Havel – Binder Grösswang Rechtsanwälte GmbH; Philipp Kapl – Binder Grösswang Rechtsanwälte GmbH; Thomas Schirmer – Binder Grösswang Rechtsanwälte GmbH; Sonja Hebenstreit – Herbst Kinsky; Matthias Konrad – Herbst Kinsky; Tanja Lang – Herbst Kinsky; Christoph Ludvik – Herbst Kinsky; Valerie Mayer – Herbst Kinsky; Wolfgang Schwackhofer – Herbst Kinsky; Alexander Weber – Herbst Kinsky; Christoph Wildmoser – Herbst Kinsky; Stefan Bührle – Sidley Austin LLP; Markus Feil – Sidley Austin LLP; Folko Moroni – Sidley Austin LLP; Jan Schinköth – Sidley Austin LLP; Andreas Steiger – Sidley Austin LLP; Sebstian Walczak – Sidley Austin LLP;

Law Firms: Binder Grösswang Rechtsanwälte GmbH; Herbst Kinsky; Sidley Austin LLP;

Clients: ESIM Chemicals ; Vertellus Specialties;

Federica Tiefenthaler

Author: Federica Tiefenthaler