On March 8, 2023, Solenis announced that it has entered into a definitive merger agreement under which Solenis will acquire Diversey in an all-cash transaction valued at an enterprise value of approximately USD 4.6 bn. Upon completion of the merger, Diversey will become a private company.
Headquartered in Wilmington, Delaware, Solenis is a leading manufacturer of specialty chemicals used in water-intensive industries, which was acquired by Platinum Equity in 2021. Diversey is a leading provider of hygiene, infection prevention and cleaning solutions based in Fort Mill, South Carolina.
The transaction is expected to be completed in the second half of 2023, subject to customary closing conditions.
Homburger acts as Swiss transaction counsel to Solenis. The Homburger team includes Andreas Müller, Karin Mattle and Pepe Hünerwadel (all Corporate / M&A), Kristina Martinovic (Employment and Executive Compensation) as well as Gregor Bühler and Hélène Bruderer (both IP / IT).
Contact
Nanding Susso / Marketing / marketing@homburger.ch
March 30, 2023