Kirkland Advises Celanese on Divesture of Micromax Business
Kirkland & Ellis represented Celanese Corporation, a global specialty materials and chemical company, on the divestment of Micromax® portfolio of products to Element Solutions Inc. Under the terms of the agreement, Celanese will receive approximately $500 million in cash, subject to adjustments. The transaction is expected to close in the first quarter of 2026, subject to certain regulatory approvals and customary closing conditions.
The Kirkland team included corporate lawyers David Feirstein, Jennifer Gasser, Haley Vincent, Dani Blain and Adam Pile; tax lawyers Benjamin Schreiner, Rachel Malhiet and Liam Underwood; technology & IP transactions lawyers Dan Lewis, Todd Herst and Camilo Mesa; and environmental transactions lawyers Michelle Sliwinski DeMaio and Carter Vella.
