Freshfields advises LANXESS on purchase of IFF's microbial control business
Freshfields has advised LANXESS on its agreement with International Flavors & Fragrances (IFF) to purchase IFF’s Microbial Control business unit for $1.3bn. LANXESS is a leading specialty chemicals company that develops, manufactures and markets chemical intermediates, additives, specialty chemicals and plastics.
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The Freshfields team was led by M&A partner Paul Humphreys and M&A associates Maximilian Lasson, Christoph Becherer, Sandra Jung, Iantha Stewart and Catherine Morgan and counsel Judit Gajdics. Employee compensation and benefits advice was provided by partners Maj Vaseghi and Ulrich Sittard and associates Jeffrey Anand and Eva-Maria Schwarzer. IP/IT and commercial contracts advice was provided by partners Jochen Dieselhorst and Theresa Ehlen and associates Marius Scherb, Maximilian Zellerhoff and Philipp Simon. Tax advice was provided by partners David Beutel and Robert Scarborough, and associates Martin Rehberg and Brendan Counihan. Antitrust advice is being provided by partners Helmut Bergmann and Mary Lehner and associates Mariusz Motyka-Mojkowski, Mariya Serafimova, Laura Onken and Ilana Kattan. Regulatory advice was provided by counsel Sascha Arnold and associates Lukas Pomaroli and Katharina Reinhardt. Real estate advice was provided by partner Gerrit Beckhaus and associate Laura Druckenbrodt. Data protection advice was provided by partner Christoph Werkmeister and associates Tibor Szigetvári and Arne Brest. Partner Michael Josenhans and associates Alexander Pospisil, Dennis Chinnow and Matthis Grenzer provided advice on bridge financing.
The LANXESS in-house legal team was led by Holger Düchting (corporate) and Christina Trebing (antitrust).
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