© 2013 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
The Woodlands-based Huntsman Corporation announced Tuesday that it is acquiring New Jersey-based Rockwood Holdings, Inc.’s Performance Additives and Titanium Dioxide businesses for $1.1 billion.
The complex transaction involved acquiring business divisions that operate in more than a dozen countries in America, Europe and Asia.
Vinson & Elkins is Huntsman’s legal counsel. The firm’s M&A team is Houston-based, including partners Jeff Floyd and Steve Gill as the lead attorneys and associates Kai Haakon Liekefett, John Rosenkild, Han Gao, Bobak Fetemizadeh, Kelly Sanderson and Matthew Greenberg.
Other V&E attorneys involved in the deal are predominantly from the Houston office and include partners Ted Stockbridge, Larry Nettles, Sean Becker, John Lynch and Peter Mims; counsel Scot Dixon and Sandy Weiner; and associates Adam Lyons, Mark Wang, Matt Dobbins, Jared Whalen, Martin Luff, Lina Dimachkieh, Devika Kornbacher, Lavonne Hopkins, Guy Gribov and Zach Rider.
Dallas partner David D’Alessandro and associates Prentiss Cutshaw and Rochelle Thomas also assisted, as well as attorneys from V&E’s Washington, D.C. office.
Two New York attorneys from Weil, Gotshal & Manges represented BofA Merrill Lynch, which served as Huntsman’s financial advisor.
Rockwood’s legal team comprised of Hughes Hubbard & Reed and Willkie Farr & Gallagher, both based in New York.
Financing commitments are in place to fund the acquisition, but the transaction remains subject to regulatory approvals and customary closing conditions. It is expected to close in the first half of 2014.
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