Dechert LLP advised the management team of CHRYSO in its buy back to LBO France from Materis (a Wendel subsidiary). The transaction values CHRYSO at an enterprise value of 290 million euros and all proceeds will enable Materis to repay a shareholder loan issued by Wendel in August 2014.

Based in Issy-les-Moulineaux, CHRYSO designs and produces coadjuvants and additives for construction materials and provides its customers - cement manufacturers, concrete plants, precast manufacturers, and construction companies - with its formulation expertise and knowledge. The company employs one thousand people and has tripled its turnover rate this past decade to become an international leader, active in more than 70 countries around the world by means of its 14 subsidiaries.

The Parisian office of Dechert advised CHRYSO management. Dechert’s team included, Francois Hellot, partner with the assistance of associates Anne-Charlotte Riviere and Elsa Jospé on corporate aspects; and of Bruno Leroy, with the assistance of associate Damien Fenard, on tax aspects.

Materis was assisted by Latham & Watkins (Denis Criton). LBO France was assisted by Mayer Brown (Thomas Philippe and Alexandre Dejardin).