AZB & Partners and Baker McKenzie advised Swiss multinational chemical company, Sika, to successfully acquire renowned international chemicals supplier, the MBCC Group, for an undisclosed amount.
Baker McKenzie handled international legal matters in this transaction, providing guidance on merger controls, carve outs, taxes, banking and finance, IP, employment, pensions and foreign investment.
AZB dealt with the Indian legal issues involved in the transaction, with partners Nohid Nooreyezdan and Kunal Kumbhat leading the team, who were assisted by Raghav Shah.
Corporate partners Dr Florian Kästle in Frankfurt and global M&A chair Jannan Crozier in London led the Baker McKenzie team, with support from partners Alan Zoccolillo in New York, James Heller in London and Christian Atzler, also in Frankfurt.
Associates Kate Bromley and George Ewen, both in London, also assisted the Baker McKenzie team.
To meet regulatory requirements and finalise the transaction, Sika divested MBCC Group’s chemical admixtures assets in various regions, including the UK, USA, Canada, Europe, Australia and New Zealand, to the international private equity firm Cinven.
Sika, on the other hand, acquired all the remaining business units of the MBCC Group, expanding its product and solutions portfolio for the construction industry, adding innovative and sustainable offerings.
The value of the deal has been kept confidential.