Allen & Overy LLP has advised leading global private equity firm Advent International and its portfolio company Allnex on the acquisition of chemicals company Nuplex Industries Limited.

Allnex and Nuplex signed an agreement in April 2016 to implement a scheme of arrangement, through which ownership of Nuplex will now be transferred to Allnex. The approvals by Nuplex shareholders, the New Zealand High Court as well as all antitrust approvals in a number of countries are now completed.

Allnex, formerly Cytec Industries' Coating Resins business and acquired by Advent in 2013, is a leading global producer of coating resins and additives for architectural, industrial, protective, automotive and special purpose coatings and inks. Allnex has a strong global presence with 17 manufacturing sites and 12 research & technology support facilities throughout the world, focusing on assisting its 3,000 customers to rapidly bring advanced coating solutions to market.

Nuplex is a leading, global manufacturer of resins used in paints, coatings and structural materials with annual sales of NZ$1.5 billion (US$1 billion) with 16 production sites located across Asia, Europe, America, Australia and New Zealand. Listed on the NZX and the ASX, Nuplex is a global leader in rheology control coatings technology, as well as performance and industrial coating resins, particularly for Automotive OEM, Vehicle Re-finish, Wood, and Protective coatings.

The international Allen & Overy team was led by partners Dr Helge Schäfer (Hamburg) and Aaron Kenavan (Sydney, both Corporate/M&A) with support from over 170 fee earners across multiple practice groups in 19 Allen & Overy offices.

The core corporate/M&A team comprised senior associates Linda Sweeney, Madison Smith, associate Rebecca McGee-Collett (all Sydney), senior associate Max Landshut and associate Juliane Dieckmann-Keden (both Hamburg).

Antitrust advice was provided by partner Jürgen Schindler (Hamburg/Brussels) and Peter McDonald (Sydney), counsel Charles Pommies (Beijing) and senior associates Camille Paulhac (Paris) and Felicity Day (Sydney).

All Allen & Overy offices involved are: Beijing, Belgium, France, Germany, Jakarta*, Ho Chi Min, Hong Kong, Italy, Japan, London, Luxembourg, Netherlands, New York, Perth, Russia, Shanghai, Sydney, Thailand, Washington DC.