March 8, 2023

Willkie is serving as financing counsel to Platinum Equity and its portfolio company Solenis, a leading manufacturer of specialty chemicals used in water-intensive industries, in Solenis’ $4.6 billion acquisition of Diversey Holdings, Ltd., a leading provider of hygiene, infection prevention and cleaning solutions.
Solenis and Diversey announced on March 8 that they entered into a merger agreement under which Solenis will take Diversey private in an all-cash transaction. The merger combines two complementary global products, services and technologies providers, and is expected to allow for expanded markets and additional sustainable solutions.
Willkie previously served as financing counsel to Platinum Equity in its $5.25 billion acquisition of Solenis in 2021, and to Solenis in its acquisition of Clearon Corp. in 2022, among many other transactions. 
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $36 billion of assets under management and a portfolio of approximately 50 operating companies.

The Willkie team was led by partners Cristopher Greer, Joshua Deason, Jason Pearl, Jennifer Tait and Jared Fertman.