Sidley and Herbst Kinsky advise ESIM Chemicals on the spin-off and sale of its Intermediates & Specialty Chemicals division to Vertellus
Sidley Austin and Herbst Kinsky have advised ESIM Chemicals – a leading global supplier of high-value agricultural and crop protection chemicals, intermediates and maleic anhydride derivatives – on the spin-off and sale of its Intermediates & Specialty Chemicals division to Vertellus, a leading supplier of specialty chemical products.
The transaction is expected to be closed in the second half of 2021. The parties have agreed not to disclose the purchase price.
The Herbst Kinsky team was led by Dr. Christoph Wildmoser (Corporate/M&A/Financing) with support from Dr. Wolfgang Schwackhöfer (Corporate/M&A), Dr. Alexander Weber (Corporate), Dr. Sonja Hebenstreit, Dr. Valerie Mayer (both Merger and Investment Control), Matthias Konrad (Financing) and Dr. Christoph Ludvik as well as Dr. Tanja Lang (both Employment Law). The Sidley team was led by Dr. Jan Schinköth (Private Equity, Munich) with support from Dr. Markus Feil (Financing), Andreas Steiger (Restructuring), Sebstian Walczak, Stefan Bührle (both Private Equity) and Folko Moroni (Financing).