Milbank LLP has advised Chemitas Management GmbH and its shareholders on the sale of Chemitas GmbH (“Chemitas”) to H.C. Starck GmbH.
Chemitas was founded in 2013 as part of the H.C. Starck Group and provides infrastructure services such as energy supply, waste management and logistics for internal and external clients. Chemitas was spun off from the group in 2019 as part of a management buy-out and has since operated independently. As its largest client, the H.C. Starck Tungsten GmbH purchases approximately half of the generated service volume. Milbank had already advised the sellers at that time in the context of the sale of the H.C. Starck Group, including Chemitas. Thus, Milbank was mandated by Chemitas Management GmbH and its shareholders for the resale of Chemitas.
H.C. Starck Group is a leading global supplier of high-melting technology metals and technical ceramics and a company of Masan High-Tech Materials Group. As a holding organization, the H.C. Starck Group consolidates different corporations active in the aforementioned sectors.
Milbank comprehensively advised Chemitas GmbH and its shareholders on the corporate and tax aspects of the transaction.
The Milbank team was led by partners Dr. Sebastian Heim (Corporate) and Dr. Matthias Schell (Tax) and included associates Dr. Arne Hammerich (Tax) and Mahmood Kawany (Corporate).
