Herbst Kinsky and Sidley Austin have advised ESIM Chemicals on the spin-off and sale of its Intermediates & Specialty Chemicals division to Vertellus and Pritzker Private Capital. Binder Groesswang advised the buyers on the transaction.
Financial details were not disclosed. The deal is expected to close in the second half of 2021.
ESIM Chemicals is a supplier of agricultural and crop protection chemicals, intermediates, and maleic anhydride derivatives. Vertellus is a supplier of specialty chemical products. Pritzker Private Capital is a family-owned private equity firm.
Herbst Kinsky’s team included Lawyers Christoph Wildmoser, Wolfgang Schwackhofer, Alexander Weber, Sonja Hebenstreit, Valerie Mayer, Matthias Konrad, Christoph Ludvik, and Tanja Lang.
Sidley’s Munich-based team included Lawyers Jan Schinkoth, Markus Feil, Andreas Steiger, Sebstian Walczak, Stefan Buhrle, and Folko Moroni.
Binder Groesswang's team was led by Partners Thomas Schirmer and Philipp Kapl and included Senior Associate Wolfgang Guggenberger and Associates Felix Fuith and Pia Havel.