Dentons is advising KPS Capital Partners, LP (KPS), the global private equity firm focused on investing across a range of manufacturing industries, on its acquisition of the INEOS Composites business (INEOS Composites) from the INEOS Group for c.€1.7 billion. The acquisition is subject to customary closing conditions and approvals, and is expected to complete in the first half of 2025.

INEOS Composites is a leading global manufacturer of unsaturated polyester resins, vinyl ester resins and gelcoats used in the production of plastic composites for a wide range of applications across large global end-markets. The business sells a broad range of resins that allow customers to optimise certain characteristics of their products, including corrosion resistance, fire retardance, ultraviolet resistance, water and chemical resistance, thermal and electrical insulation, impact and scratch resistance, and high strength-to-weight ratios.

Stephen Levy, partner in Dentons’ UK Corporate team, commented “We are delighted to be supporting long term client KPS Capital Partners on its acquisition of this market leading business”

The Dentons cross-border team advising on the transaction across 9 jurisdictions was led from the UK by Corporate partners Stephen Levy and Nigel Webber, with support from Corporate senior associate Min Yang, Corporate associates Alex Macdonald and Ahmad Yasin; Employment partner Sarah Beeby, Employment senior associate Aggie Salt, Employment associate Amy Gordon, Real Estate partner John Arey, Pensions partner Eleanor Hart, Pensions senior associate Matthew Boyle, Regulatory and Investigations partner Helen Bowdren, Data Protection partner Simon Elliott and Finance partner Catherine Astruc.

Dentons is working alongside lead corporate transaction counsel Paul, Weiss, Rifkind, Wharton & Garrison LLP.