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Paksoy Advises Imerys on Sale of High Temperature Solutions Business

Paksoy Advises Imerys on Sale of High Temperature Solutions Business

Turkey
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Paksoy, working with Latham & Watkins, has advised Imerys on the sale of its high-temperature solutions business to Platinum Equity, at an enterprise value of approximately EUR 930 million.

The transaction remains contingent on regulatory approval.

Imerys is a French multinational company that specializes in the production and processing of industrial minerals. Platinum Equity is an investment firm.

According to Paksoy, “the transaction covers entities in 16 countries worldwide, including the direct sale of Turkish subsidiaries Calderys Refractories and S&B Industrial Minerals, and the indirect sale of Imerys’ stake in Turkish joint venture Haznedar Durer.”

Paksoy previously advised Imerys on its acquisition of a majority stake in the Haznedar group, in 2020 (as reported by CEE Legal Matters on August 24, 2020).

Paksoy’s team included Partner Stephanie Beghe Sonmez and Associates Simge Sengun and Beritan Arik.

Paksoy did not respond to our inquiry on the matter.

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