Deals & Cases
Heubach partners with SK Capital to acquire Clariant's pigments business
June 14, 2021. The Heubach Group, in partnership with SK Capital, announced today a definitive agreement to acquire Clariant's pigments business. The combined business will operate under the Heubach name, creating a global pigments leader generating more than EUR 900 million in annual sales.
The transaction values Clariant's pigments business at approximately CHF 805 million, with additional consideration of CHF 50 million contingent on the 2021 financial performance of the business unit. As part of the transaction, Clariant will be reinvesting for a minority stake in the combined business, demonstrating its continuing commitment to the success of Clariant's pigments business and the substantial growth opportunity in the combination with Heubach.
Closing of the transaction is subject to customary conditions and approvals and is expected to take place in the first half of 2022.
Lenz & Staehelin advises Heubach and SK Capital on this transaction. The team is led by partner Tino Gaberthüel (Corporate/M&A) and includes partners Stephan Erni (Corporate/M&A), Beat Kühni (Real Estate), Marcel Tranchet (Finance), Astrid Waser (Competition) and Peter Ling (IP) as well as Iliana Djagova, Nicole Humbel, Eric Meier, Patrick Sattler, Xavier Grivel, Lisa Moser and Sven Infanger (all Corporate/M&A), Hannes Kieser (Finance), Sandro Travaglini (Antitrust), Elena Furlanetto (Employment/Pension), Leo Rusterholz, and Nadja Flühler (both Transitional Services, IT) and Vera Vallone (IP).