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Milbank LLP is advising the lead arrangers on Lone Star Fund’s €3.17 billion acquisition of BASF’s Chemical Construction Business. This transaction priced on a cash and debt-free basis and is expected to close in the third quarter of next year subject to competition authority approval.
BASF’s Construction Chemicals business operates production sites and sales offices in more than 60 countries and generated sales of about €2.5 billion in 2018.
The Milbank team is led by European Leveraged Finance/Capital Markets partners Suhrud Mehta, Sarbajeet Nag, and Alexandra Grant as well as Thomas Ingenhoven, and associates Danielle Brown, Bernardo Zang, Henry Madell, Michael Gatter, Philipp Engel and Gerrit Merkel, Corporate associates Anna Bryant and Jag Diogan, Tax associate James Seddon and New York Leveraged Finance partner Mike Bellucci and associate Jon Edwards.
