Gibson Dunn advises on sale of Heubach Group to Sudarshan

Frank­furt a.M. / India — Gibson Dunn has advi­sed seve­ral lenders of Heubach Group in connec­tion with its sale to Sudar­shan. The tran­sac­tion is subject to custo­mary closing condi­ti­ons, subject to regu­la­tory appr­ovals. The parties have agreed not to disc­lose the purchase price.

The Heubach Group, based in Langels­heim and foun­ded in 1806, is an inter­na­tio­nal pigment manu­fac­tu­rer with 19 loca­ti­ons in Europe and America and around 3000 employees.

Sudar­shan Chemi­cal Indus­tries Limi­ted, foun­ded in 1952 and head­quar­te­red in Maha­rash­tra, India, is a leading color solu­ti­ons provi­der with a strong global reach of over 85 count­ries in the produc­tion of high perfor­mance colo­rants, an exten­sive range of orga­nic, inor­ga­nic and pearle­s­cent pigments and disper­si­ons. SCIL’s product offe­ring also includes clas­sic azo pigments, high perfor­mance pigments, effect pigments and pigment disper­si­ons. SCIL has manu­fac­tu­ring faci­li­ties in Roha and Mahad in India. SCIL opera­tes under 16 brands and has a dome­stic market share of 35% in its product category. 

Gibson Dunn’s M&A team, led by Frank­furt part­ners Dr. Dirk Ober­bracht and Dr. Jan Schu­bert, included coun­sel Dr. Aliresa Fatemi, as well as asso­cia­tes Vladi­mir Koncha­kov and Lisa Holl­fel­der (all Frank­furt). Part­ner Dr. Georg Weiden­bach and Asso­ciate Dr. Andreas Mild­ner (both Frank­furt) advi­sed on anti­trust law, Part­ner Benja­min Rapp (Frank­furt and Munich) and Asso­ciate Daniel Reich (Frank­furt) advi­sed on tax law aspects. 

Part­ner Sebas­tian Schoon and asso­ciate Bastiaan Wolters (both Frank­furt) advi­sed on finan­cing and restruc­tu­ring, supported by part­ner Lisa Stevens (London), coun­sel Ryan Sear­fo­orce (Hous­ton) and asso­cia­tes Peter Madden (Singa­pore), Jason Zhu, Abi Yussuf (both London), Tommy Schef­fer (New York) and Iris Hill Crab­tree (Hous­ton).

Advi­sors to the insol­vency admi­nis­tra­tor of the Heubach Group: McDer­mott Will & Emery, Düssel­dorf Dr. Matthias Kamp­s­hoff (lead), Dr. Marc Ober­hardt, Dr. Björn Biehl (Munich; all restructuring/distressed M&A), Carina Kant (anti­trust law, Düsseldorf/Cologne), Dr. Sandra Urban-Crell (employ­ment law), Dr. Pierre-André Brand (real estate law, Düsseldorf/Munich), Steitz Woitz, LL. Sandra Urban-Crell (employ­ment law), Dr. Pierre-André Brandt (real estate law, Düsseldorf/Munich), Stef­fen Woitz, LL.M. (IP/IT, Munich), Dr. Florian Schie­fer (tax law, Frank­furt); Asso­cia­tes: Tjark Pogoda (restructuring/distressed M&A), Lea Hauser (anti­trust law, Cologne)

About Gibson Dunn

Gibson, Dunn & Crut­cher LLP is one of the leading inter­na­tio­nal law firms and is ranked among the world’s top law firms in indus­try surveys and by major publi­ca­ti­ons. With more than 1,900 lawy­ers in 21 offices, the firm has a global presence in all major econo­mic regi­ons. Gibson Dunn’s offices are loca­ted in Abu Dhabi, Brussels, Century City, Dallas, Denver, Dubai, Frank­furt, Hong Kong, Hous­ton, London, Los Ange­les, Munich, New York, Orange County, Palo Alto, Paris, Beijing, Riyadh, San Fran­cisco, Singa­pore and Washing­ton, D.C.

About McDer­mott Will & Emery

McDer­mott Will & Emery is a leading inter­na­tio­nal law firm with more than 1,400 lawy­ers in more than 20 offices in Europe, North America and Asia. Our lawy­ers cover the entire spec­trum of commer­cial and corpo­rate law with their advice. The German prac­tice is mana­ged by McDer­mott Will & Emery Rechts­an­wälte Steu­er­be­ra­ter LLP. For more infor­ma­tion, please visit: https://www.mwe.com/de/