De Brauw has advised Akzo Nobel on the sale of its Specialty Chemicals business to The Carlyle Group and GIC.

Client name
Akzo Nobel N.V.
 
Other parties involved
Carlyle, GIC (Singapore)
 
Nature of transaction
On 27 March 2018, AkzoNobel announced the sale of 100% of its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of EUR 10.1 billion. This transaction creates two focused and high performing businesses – Paints and Coatings, and Specialty Chemicals – as part of its strategy announced in April 2017. The transaction is expected to be completed before the end of 2018.
 
Value of transaction
EUR 10.1 billion (EV)
 
Date of deal
27 March 2018
 
De Brauw involvement
Lead counsel
 
Other advisors
Various advisors, including: JP Morgan (Seller), HSBC (Seller), Lazard (Seller), Deloitte (Seller), Nexant (Seller), WTW (Seller), ERM (Seller), Merilil Datasite (Seller) | Evercore (Purchaser), Valence (Purchaser), ERM (Purchaser) PwC (Purchaser), WTW (Purchaser), Aon (Purchaser), Risk International (Purchaser), Sweco (Purchaser), Bain and Co (Purchaser), Latham & Watkins, Loyens & Loeff
 
De Brauw lead partner
Dieter Wolff
 
De Brauw team
Arne Grimme (corporate governance), Barbara Kloppert (employment), Henk van Ravenhorst (tax) and Gaby Smeenk (public track).