Kirkland & Ellis is advising Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders and synthetic rubber, on its contemplated acquisition of Arkema’s polymethyl methacrylates (“PMMA”) and activated methyl methacrylates (“MMA”) businesses. PMMA is a transparent and rigid plastic with a wide range of end uses across several end markets including automotive, building & construction, medical and consumer electronics.
The contemplated transaction is subject to the approval of the relevant antitrust authorities and to an information and consultation process involving Arkema’s employee representative bodies. The deal is expected to be finalized mid-2021.
The matter involved close collaboration across Kirkland’s Paris, New York, Chicago, Washington, Houston and London offices. In Paris, the team was led by transactional partner Laurent Victor-Michel and associates Louis Gosset and Lucy Bower and tax partner Nadine Gelli and associate Sonia Bouaffassa. In the U.S., the team included transactional partners Arlene Ortiz-Leytte, Shawn OHargan and Eunu Chun and associates Philippe Simard and Tar Rakhra; technology & IP transactions partners Lisa Samenfeld and Jeffery Norman, and associates Frank Wei, Melissa Moreno and Kevin Jacobsen; tax partners Sara Zablotney and Adam Kool and associate Amanda Milhet; executive compensation partner Michael Krasnovsky and associate Jake Alaxander Eberts; labor and employment associates Jaclyn Schruhl, Richard Kidd and Nick Ustaski; employee benefits partners Adria Crowe and Alexandra Mihalas; real estate partner John Caruso and associate Daniel Cho; environmental transactions partner Stefanie Gitler and associate Michael Mahoney; international trade partner Anthony Rapa; and antitrust and competition partner Mark Gardner and associate Arjun Chandran; along with technology & IP transactions partner Joanna Thomson and associate Eleanor Harley in London.