Clifford Chance advised Gamma Holding B.V., backed by financial sponsors Gilde Buy Out Partners and Parcom Capital Management B.V., on the sale of Dimension-Polyant GmbH to Sioen Industries N.V.. The transaction value amounts to 38 million Euro.

Dimension-Polyant GmbH, established in 1966, is the world market leader in sailcloth manufacturing with a global market share of more than 40%. The company with two manufacturing facilities in Kempen, Germany, and Putnam, USA, has budgeted sales of approximately 38 million Euro for 2016.

Sioen Industries N.V., Ardooie, Belgium, a stock quoted producer of professional protective clothing, specializes in spinning, weaving and coating of technical textile as well as in the production of fine chemicals. The company generates revenues of 330 million Euro with around 3,000 employees.

The Clifford Chance team was led by Partner Dr. Thomas Stohlmeier and consisted of senior associate Dr. Werner Brickwedde, senior associate Haruka Okihara, associate Maria Luisa Schneider (all Corporate, Düsseldorf), partner Thomas Hey (Employment Law, Düsseldorf), partner Dr. Claudia Milbradt and senior associate Anja Schwarz (IP, Düsseldorf), partner Thorsten Sauerhering (Frankfurt), counsel Cord von Mandelsloh (Düsseldorf) and senior associate Dr. Dominik Engl (Frankfurt, all Tax), partner Reinhard Scheer-Hennings and transaction lawyer Katrin Rötering (Real Estate, Düsseldorf), partner Hans Beerlage, counsel Mark Loefs and associate Bart Bootsma (all Corporate, Amsterdam) as well as partner Ben Sibbett, associate Marissa Marco and associate Janice Chan (all Corporate, New York).

After having advised Gilde Buy Out Partners and Parcom Capital Management B.V. on the public takeover of Gamma Holding in the Netherlands, Clifford Chance also advised on a refinancing of the group and the sell down of four portfolio companies of Gamma Holding comprising Clear Edge Filtration, Bekaert Textiles, Ammeraal Beltech and now Dimension Polyant.