Baker McKenzie advised the Swiss construction chemicals group Sika AG on the acquisition of MBCC Group (Master Builders Construction Chemicals), the former BASF Construction Chemicals division, from Lone Star Funds, a global private equity firm, for a consideration of CHF 5.5 billion. MBCC Group is a global supplier of construction chemicals. With approximately 7,500 employees, MBCC Group operates more than 150 plants in over 60 countries. In 2021, net sales amounted to EUR 2.7 billion.
The acquisition is subject to regulatory clearances. Sika AG is confident it will obtain all clearances and close the transaction in the second half of 2022.
An international team of Baker McKenzie lawyers advised Sika AG on the legal aspects of the transaction. The advice included a global legal due diligence review, regulatory analysis and filings, and the negotiation of the contract documentation for the transaction. The broad global scope of the transaction was a perfect opportunity for Baker McKenzie to add value through the strength of our global network.
The Baker McKenzie Switzerland team advising on the Swiss legal aspects of the transaction consisted of Peter Reinert (partner, Employment), Kevin Ardüser (associate, Corporate), Daniel Kälin (associate, Real Estate), Alessandro Celli (partner, Data Protection) and Nadine Bosshard (associate, Data Protection).
Further offices involved worldwide (among others): Frankfurt, Berlin, Munich, London, New York and Washington, D.C.
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