Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Cinven on its exclusive negotiations to acquire CHRYSO from LBO France. This transaction, which remains subject to the consultation of CHRYSO’s works’ council, as well as to approvals by relevant competition authorities, would represent Cinven’s fourth investment from the Sixth Cinven Fund.

French group CHRYSO specialises in chemicals dedicated to construction materials for cement manufacturers, ready-mix concrete plants, precast manufacturers and construction companies. The group comprises 20 foreign subsidiaries, covers more than 70 countries through its wide network of distributors and employs 1,130 people worldwide. It also owns 29 manufacturing facilities and four R&D centres.

The Freshfields team was led from Paris by Alan Mason, Florent Mazeron and Sami Jebbour, and comprised London-based partner Chris Davis and senior associate Aled Batey on finance aspects, as well as partner Matthew Bruce and senior associate Nick Ames on dispute resolution aspects.