Allen & Overy has advised Indorama Ventures Public Company Limited, listed on the Thai stock exchange and the world’s largest producer of polyester, on the acquisition of 80% shares of PHP Fibers Group.

The remaining 20% will be held by Toyobo, a leading Japanese manufacturer of high-function products to the automotive and other industries.

PHP Fibers is one of the world’s largest industrial fibre producers, specializing in the production of polyamide yarn for airbags , tyres, and polyester. The company operates production facilities in Europe, the US, and China.

The multi-jurisdictional Allen & Overy team was led by partner Dr Nicolaus Ascherfeld assisted by senior associates Daniel Martin Schulz, Dr Rüdiger Klüber and Dr Christian Hilmes as well as associates Max Landshut, Dr Mirka Sagemann, Dr Michael Knott and Dr Sebastian Remberg (all Corporate/M&A, Hamburg).

Further advise was provided by partners Dr Franz Bernhard Herding (Banking/Restructuring), Dr Asmus Mihm (both Frankfurt) and David Lewis (New York) as well as associates Andreas Fertig (Frankfurt) and Brian Schultz (New York, all tax), partner Dr Olaf Otting, Counsel Dr Bettina Enderle and associate Dr Thorsten Thaysen (all Environmental, Frankfurt), partner Markulf Behrendt and associate Sören Seidel (both Employment, Hamburg), partner Tobias Neufeld (Pensions, Dusseldorf), partner Jürgen Schindler (Brussels/Hamburg), counsel Marinus Winters (Amsterdam), senior associate Elke Winter (Brussels) and senior counsel David Ernst (New York, all Antitrust), partner Dr Jens Matthes and associate Miray Kavruk (IP, Dusseldorf) as well as senior associate Dr Per Lessmann (Energy, Hamburg).

US law advice was provided by partner Mark Roppel and associates Danielle Brody and Loren Thomas (all Corporate, New York). Chinese law advice was provided by partner Viktor Ho, counsel Frank Voon and associate Qianwen Peng (Beijing).