May 23, 2024

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Clifford Chance advises Royal DSM on the agreement to sell its Protective Materials business to Avient Corporation for an enterprise value of EUR 1.44 billion

International regulation organization Clifford Chance has suggested Royal DSM, a world-wide intent-led science-based corporation, on the arrangement to offer its Protective Elements enterprise to Avient Corporation for an organization value of EUR 1.44 billion.

The proposed transaction contains all of DSM’s Protective Resources functions, chiefly consisting of Dyneema, the world’s strongest fiber, and follows DSM’s announcement that it was examining strategic alternatives in September 2021. Completion of the transaction, which is matter to the customary conditions and approvals, is predicted in H2, 2022. Examine a lot more about the transaction.

The Clifford Prospect cross-border workforce was led out of Amsterdam by Gregory Crookes and the main group consisted of Hansuya Reddy, Pieter Leefers, Sabine van den Heuvel, Helen Liefting, Shaun Campbell and Sarah van Eijk. The wider staff consisted of Liesbeth Buiter, Stephanie Phillips, Johanneke Butijn, Ernst van der Touw, Andrea Karkotis (Company), Jaap Tempelman, Andrei Mikes, Sophie Wijdeveld, Orsolya Gondos, Tamlin Higgins (Tech, IP and Contracts), Frans Muller, Jurre Jurriëns, Bruno Weisser Lopez (Antitrust and FDI), Floris van de Bult, Wijnanda Rutten, Arie Torres, Iga Mamczarz, IJsbrand de Jong (Work and pensions/gains), Michiel Sunderman, Pascal Borsjé, Alec Sanderson (Tax), Dirk Jan Duynstee, Juliette Luycks, Lotte van den Berg (Litigation) in Amsterdam, Gary Brooks, Andrew Epstein (Finance), Paul Koppel, David Walsh (Employment), Paul Seraganian, Philip Wagman, Jason Sacks (Tax), Benjamin Sibbett (Company), Victoria Manthas, Nina Binns (Actual Estate) in New York, Renee Latour, Holly Bauer (FDI) and Timothy Cornell (antitrust) in Washington, Masafumi Shikakura, Shunsuke Nagae (Company, antitrust and FDI) in Tokyo, Jennifer Storey (Antitrust and FDI) in London, Peter Zhao (Company) in Shanghai, Anthony Fay (Corporate) in Hong Kong and María Begoña Barrantes (Antitrust) in Madrid.