International law firm Clifford Chance has advised Royal DSM, a global purpose-led science-based company, on the agreement to sell its Protective Materials business to Avient Corporation for an enterprise value of EUR 1.44 billion.
The proposed transaction includes all of DSM’s Protective Materials activities, chiefly consisting of Dyneema, the world’s strongest fiber, and follows DSM’s announcement that it was reviewing strategic options in September 2021. Completion of the transaction, which is subject to the customary conditions and approvals, is expected in H2, 2022. Read more about the transaction.
The Clifford Chance cross-border team was led out of Amsterdam by Gregory Crookes and the core team consisted of Hansuya Reddy, Pieter Leefers, Sabine van den Heuvel, Helen Liefting, Shaun Campbell and Sarah van Eijk. The wider team consisted of Liesbeth Buiter, Stephanie Phillips, Johanneke Butijn, Ernst van der Touw, Andrea Karkotis (Corporate), 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 (Employment and pensions/benefits), 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 (Corporate), Victoria Manthas, Nina Binns (Real Estate) in New York, Renee Latour, Holly Bauer (FDI) and Timothy Cornell (antitrust) in Washington, Masafumi Shikakura, Shunsuke Nagae (Corporate, antitrust and FDI) in Tokyo, Jennifer Storey (Antitrust and FDI) in London, Peter Zhao (Corporate) in Shanghai, Anthony Fay (Corporate) in Hong Kong and María Begoña Barrantes (Antitrust) in Madrid.
