Hengeler Mueller advises Evonik on sale of AlzChem Group

30. October 2009

Evonik Industries AG, a global leader in speciality chemicals, has finalised the sale of the AlzChem Group to the Luxembourg-based private equity fund BluO. The transaction covers the entire AlzChem Group and its companies in Germany and the US. After approval by the boards and relevant antitrust authorities, the deal was closed on October 27, 2009. The cash sale price (excluding assumed liabilities) amounts to € 78.5 million.

Hengeler Mueller advised Evonik Industries AG on this transaction. The Hengeler Mueller team included partner Daniel Wiegand (M&A) as well as associates Matthias Lack and Marc Zedler (all Munich).

Responsible for this transaction within Evonik’s in-house legal department was Melanie J. Flessner (Head of M&A).