Latham Advises Imerys on the Sale of Its High Temperature Solutions Business
Latham & Watkins has advised Imerys, the world leader in mineral-based specialty solutions for industry, on its exclusive negotiations to sell its High Temperature Solutions business (HTS) to Platinum Equity, a global investment firm operating companies in a broad range of markets, for an enterprise value of app. €930 million.
The proposed transaction, which is subject to the fulfillment of customary closing conditions, including the information and consultation of works councils and other regulatory approvals, is expected to be completed by the end of the year.
The Latham team was led from Paris by corporate partners Thomas Forschbach and Alexander Crosthwaite, with corporate associates Adrien Levallois and Mya Lemseffer. Advice was provided on IP and Commercial Contracts aspects by Paris corporate partner Jean-Luc Juhan with Paris corporate associate Alex Park; on tax aspects by Paris partner Xavier Renard, Hamburg partner Tobias Klass, and Chicago partner Joseph Kronsnoble, with Munich associate Philipp Lauer, Paris associate Clémence Morel, and Chicago associate Michael Zucker; on finance aspects by Paris counsel Etienne Gentil; on capital markets aspects by Paris partner Roberto Luis Reyes Gaskin; on compliance aspects by Paris counsel Elise Auvray; and on FDI aspects by Paris partner Charles-Antoine Guelluy.