International law firm Ashurst advised American Securities on the Belgian law aspects of its acquisition of Prince from Palladium Equity Partners.

Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA.

Headquartered in Houston, Texas,  Prince is a manufacturer of mineral-based specialty additives and has been a portfolio company of Palladium since 2003. The company serves a range of consumer and industrial end markets and many of the company’s products are custom developed for specific customer applications in construction, electronics, consumer products, agriculture, battery, automotive, oil & gas, and heavy equipment.

Palladium is a middle market private equity firm with approximately $3.0 billion of assets under management.

The Ashurst team was led by Brussels-based corporate transactions partner David Du Pont, who was supported by associate Jörg Heirman, Clément Dekemexhe and Toep Van Mierlo as well as trainee Nicola Zenoni.