DLA Piper has advised IGM Resins B.V. as well as the US private equity fund which owns the company, Arsenal Capital Partners, on the acquisition of BASF's global photoinitiator business for an undisclosed amount. IGM Resins B.V. is an international supplier of radiation-cured materials.

The company, headquartered in the Netherlands, was founded in 1999 and offers full-service solutions for UV/EB coatings, adhesives and the paint industry. Since 2012, the US private equity fund Arsenal Capital Partners has held the majority of shares in IGM Resins.

The transaction encompasses a range of assets, including technology, acquired patents, customer relations and business-related contracts, and global production locations. The sale of the production facilities in Mortara, which included the takeover of the entire workforce by the purchaser, is anticipated to be completed once local negotiations with the employee representatives have concluded.

DLA Piper advised on the drafting and negotiation of the acquisition documents, as well as on the due diligence process and the fiscal structuring of the purchase.

The international DLA Piper team was led by partner Dr Nils Krause and comprised of senior associate Dr Jan-Philipp Meier (both Corporate, Hamburg), the partners Claus Jochimsen-von Gfug (Tax, Munich), Dr Markus Gampp (IPT, Munich), and Dr Jan Dreyer (Antitrust, Cologne), the counsels Dr Annemarie Bloss (IPT, Hamburg) and Dr Christoph Imschweiler (Tax, Munich), as well as senior associate Dörthe Minde (IPT, Cologne) and associate Ronja Hecker (Corporate, Hamburg).

Support was also provided by partner Goffredo Guerra and legal director Barbara Donato (both Corporate, Milan), the partners Daniel Eisner (Corporate), Paolo Morante (Litigation, both New York) and Paulus Merks, senior associate Rinze van Minnen, tax advisor Stephanie van der Schaft (all Tax), junior associate Rowena Zee (Corporate, all Amsterdam), partner Paul Rutherford and senior associate Jesse Dalton (both Tax, London).