On September 9, Willkie client Syntagma Capital announced it entered into exclusive negotiations to carve out a significant part of Imerys’ business serving the paper markets for an enterprise value of €390 million.
The Imerys assets encompass 24 production plants in the Americas, Asia and Europe that produce kaolin, ground calcium carbonate, precipitated calcium carbonate and talc primarily serving the paper, as well as pulp, board, packaging, ceramics and building markets.
Syntagma Capital is a private equity firm based in Brussels and focused on investments in the material, chemical, industrial and business services markets.
Imerys, headquartered in Paris, is a global leader in mineral-based specialty solutions for industry.
The Willkie team is led by partner Hugo Nocerino and includes partner Faustine Viala and associates Juline Pottiez and Charles Bodreau.