Norton Rose Fulbright has advised Commerzbank AG on the acquisition financing for the purchase of chemicals company LEUNA-Tenside GmbH (LEUNA-Tenside) by VR Equitypartner GmbH (VR Equitypartner) and BIP Investment Partners S.A. (BIP). The transaction was closed on August 12, 2015 following the approval of German and Austrian antitrust authorities.

VR Equitypartner and BIP have each purchased 50 per cent of LEUNA-Tenside GmbH from the company’s previous owner Dr. Kiril Mateew. LEUNA-Tenside was founded in 1995 and occupies a niche position in the market for the production of surfactants and chlorinated paraffins.

The Norton Rose Fulbright team in Frankfurt was led by banking and finance partner Oliver Sutter and included banking and finance partner Nadine Bourgeois and corporate, M&A and securities partner Nils Rahlf.