Baker & McKenzie advised Clariant on the sale of its Energy Storage business to Johnson Matthey Plc. The purchase price of USD75 million is payable upon completion of the transaction expected in early 2015.
Clariant's Energy Storage business is the world's largest producer of hydrothermal lithium iron phosphate (LFP). The lithium ion cathode material is used in electric vehicles and in stationary battery applications.
"In this complex carve-out and sale, we were able to help our client Clariant to implement its portfolio management plans in a timely manner and were able to supporting their strategic streamlining process," commented Dr. Florian Kästle, corporate partner at Baker & McKenzie.
Baker & McKenzie's Corporate/M&A teams regularly advise strategic investors on transactions and restructurings. Most recently, Baker & McKenzie advised Feintool on the sale of its subsidiary to the Chinese company Joyson, Gruner + Jahr on the sale of its Munich-based specialist publisher Entertainment Media, Hochtief on the restructuring of its Hochtief Solutions AG and the spin-off of its Service Solutions division, Sulzer AG on the sale of Metco Division of OC Oerlikon, Sika on the acquisition of construction adhesive business of Akzo Nobel, Knorr-Bremse on the purchase of two companies from the rail-supply sector, Mahle on the acquisition of Behr as well as Karl Schlecht Foundation on the sale of Putzmeister.
Legal advisor Clariant:
Baker & McKenzie
Lead:
Corporate: Dr. Florian Kastle (partner, Frankfurt)
IP: Dr. Constanze Ulmer-Eilfort (partner, Munich)
Team:
Corporate: Gerald Schumann, Dr. Jon Marcus Meese, Dr. Dorothee Prosteder (all partners, Munich), Dr.
Holger Ellers (partner, Berlin) Dr. Tino Marz, André Buchholtz, Dr. Christoph Dachner (all associates, Munich), Veronika Novikov, Maria Eger (both associates, Frankfurt)
Tax: Christoph Becker, Jochen Meyer-Burow (both partners, Frankfurt)
IP: Dr. Dr. Jochen Herr, Dr. Benjamin Koch (both partners, Munich), Dr. Daniel Krauspenhaar (associate, Munich)
Environmental-/ subvention law: Dr. Julia Pfeil (senior associate, Frankfurt); Dr. Janet Kerstin Butler (counsel, Berlin)
Litigation: Isabell Gernand (associate, Munich)
Baker & McKenzie Canada Corporate/Finance: Matthew Kindree, Charles M. Magerman, Kamleh J. Nicola (all partners, Toronto) and numerous other lawyers from German and international Baker & McKenzie offices.
