Deloitte has advised LANXESS on the signing of agreements to establish a leading global joint venture

About the transaction

Deloitte has advised LANXESS on the signing of agreements to establish a leading global joint venture for high-performance engineering polymers with Advent International. The Deloitte team was led by Financial Advisory Partners Malte Stoever (Financial transaction support) and Ihsan Ugurlu (Operational transaction support) as well as Director Bjoern Hilkenbach, Director Michael Dornauer, Senior Manager Maximilian Petzold and Senior Manager Franz Toaspern (Financial Advisory). IT transaction support was provided by Deloitte Consulting Senior Manager Hiroshi Ochi and team.

LANXESS and Advent signed an agreement to acquire the DSM Engineering Materials business (DEM) from Dutch group Royal DSM, which will become part of the new joint venture.  The purchase price is around EUR 3.7 billion. LANXESS will receive an initial payment of at least EUR 1.1 billion and a stake of up to 40 percent in the future joint venture. Transaction closure is expected in H1 2023.

About the client

LANXESS is a leading specialty chemicals company with sales of EUR 7.6 billion in 2021. The company currently has about 14,900 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

About Deloitte

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services; legal advisory services in Germany are provided by Deloitte Legal. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the “Deloitte organization”) serves four out of five Fortune Global 500® companies.

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