Kirkland & Ellis International LLP advised TowerBrook Capital Partners in the sale of PolymerLatex Deutschland Beteiligungsgesellschaft mbH to Yule Catto & Co plc for a total transaction value of €443 million. The PolymerLatex Group, headquartered in Marl, Germany, is an established player in the development, production and distribution of emulsion polymer products. Yule Catto & Co plc, based in Harlow, Essex, United Kingdom, is already the owner of another polymer business. The purchase agreement was signed on 13 December 2010. The transaction, which is subject to the necessary regulatory and shareholder approvals, is expected to be completed during the second quarter of 2011.
The Kirkland team was led by corporate partners Erik Dahl and Christian Iwasko. Other attorneys who were instrumental to the deal included partners Christopher Field, Pierre-Andre Dubois, Neel Sachdev, Dominik Stühler, Stephanie Biggs and Dr. Roderic Pagel, with associates Jacqueline James, Nicole Schlatter, Dr. Daniel Wied, Bryan Robson, John MacGarty, Anja-Charlotte Wagner and Dr. Ulf Kieker.
About Towerbrook Capital Partners
TowerBrook Capital Partners L.P. (www.towerbrook.com) is an investment management firm with approximately $5 billion of capital under management. With offices in New York, London and San Francisco, the firm focuses on making investments in North American and European companies. TowerBrook primarily pursues control-oriented private equity investments in large and middle market companies, partnering with highly capable management teams, often in situations characterized by complexity.
About Kirkland & Ellis
Kirkland & Ellis LLP (www.kirkland.com) is a 1,500-attorney law firm representing global clients in complex corporate/private equity and tax, restructuring, litigation and dispute resolution/arbitration, and intellectual property and technology matters. The Firm has offices in Munich, Chicago, Hong Kong, London, Los Angeles, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C. The Munich office consists of 27 attorneys focusing primarily on private equity, mergers & acquisitions, restructuring/insolvency, acquisition financing and tax matters.