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Kinstellar Advises Arkema on Acquisition of Den Braven

Kinstellar Advises Arkema on Acquisition of Den Braven

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Kinstellar has provided local law advice in Bulgaria, Romania, Turkey, and Ukraine to Arkema SA on its acquisition of the Dutch sealant-and-adhesives maker Den Braven from Egeria, a Benelux buyout house. The deal, which was valued at EUR 485 million, was managed by Loyens & Loeff.

Arkema is a global chemical major focusing on specialty chemicals and performance materials. It has operations in over 40 countries. According to Kinstellar, "the acquisition of Den Braven is a step towards expanding the High Performance Materials segment which should account for 50% of the Group’s sales by 2020." Kinstellar also describes Den Braven as "a leading player in high performance sealants in Europe,” and says that it "has 8 production sites around the world, about 1,000 employees, and over EUR 350 million sales for 2016."

The Kinstellar team was led by Sofia-based Managing Associate Nina Tsifudina.

Clifford Chance was reportedly involved in the vendor due diligence, but did not reply to our inquiries about the full scope of its work on the matter.