News and Deals
News and Deals
An international Linklaters team advises BASF in connection with the sale of its Brazilian decorative paints business, a leading provider of architectural paints in Brazil, to Sherwin-Williams. The transaction is structured as a share sale, following a carve-out of the business, and includes, among other things, the production sites in Demarchi and Jaboatão, the Suvinil and Glasu! brands, and approximately 1,000 employees. The consummation of the transaction is subject to customary closing conditions, including receipt of regulatory approvals.
The Linklaters team is led by partners George Casey (Global Chairman of Corporate, M&A/Corporate, New York), Heiko Schiwek (Global Leader of the Chemicals Sector, M&A/Corporate, New York), Tim Johannsen-Roth (M&A/Corporate, Frankfurt) and Gregory Gewirtz (M&A/Corporate, New York). It also includes, among others, Gabriel Grossman (Partner, Tax, New York), Prof Dr Daniela Seeliger (Partner, Antitrust & Foreign Investment, Düsseldorf), Sebastian Klingen (Counsel, M&A/Corporate, Düsseldorf), Janet M. Lee (Counsel, Executive Compensation and Employee Benefits, New York), Lauren Bachtel (Counsel, Energy & Infrastructure, New York & Washington D.C.), Tobias Rump (Counsel, Antitrust & Foreign Investment, Düsseldorf), Shruti Chopra (Counsel, TMT/IP, New York), Wendy Suh (Senior U.S. Associate, M&A/Corporate, New York), Catherine Yuen (Senior U.S. Associate, M&A/Corporate, New York), Josh Berliner (Senior U.S. Associate, Energy & Infrastructure, New York), Dr Philipp Roebers (Associate, M&A/Corporate, Düsseldorf), Krystal Dillon (Associate, Executive Compensation and Employee Benefits, New York), Flavio Amorim (Associate, Tax, New York), Michael Lomtevas (Associate, M&A/Corporate, New York), Ellie Park (Associate, M&A/Corporate, New York) and Andreina Lamas (Associate, M&A/Corporate, New York).