Fenzi Holdings SPV S.p.A’s £178 Million Acquisition of Johnson Matthey Plc’s Advanced Glass Technologies Business

Slaughter and May advised Johnson Matthey Plc on the deal.

Johnson Matthey Plc sold its Advanced Glass Technologies business (AGT) to Fenzi Holdings SPV S.p.A for £178 million payable in cash at completion on a cash free, debt free basis and subject to customary completion accounts adjustments. AGT is a leading global provider of specialist glass enamels and precious metal pastes supplied mainly to the automotive sector. The transaction is subject to works council consultation in the Netherlands and the satisfaction of customary completion conditions with completion expected in spring 2022.

Slaughter and May worked closely with Johnson Matthey’s in-house legal team led by Luci Ingram and David Martin.

Slaughter and May’s team included Paul Mudie (Picture), Partner, Sarahanne Jackson, Associate, Abigail Westby, Associate, Clemency Barrett, Associate, Christy Conlon, Trainee,Duncan Blaikie Partner, Charles MacRae, Associate, Edmund Berney, Associate, Gareth Miles, Partner, Charles Osborne, Associate, Phil Linnard, Partner, Adrien Mallevays, Associate, Jane Edwarde, Partner, Ben Redding, Associate, Venetia Speke, Associate, Samantha Brady, Head of Environment, Claire Jeffs, Partner, Lorna Nsoatabe, Associate, Kadambari Chinoy, Associate, Samay Shah, Partner and Rhiannon Rees, Associate.

Involved fees earner: Clemency Barrett – Slaughter and May; Edmund Berney – Slaughter and May; Duncan Blaikie – Slaughter and May; Samantha Brady – Slaughter and May; Kadambari Chinoy – Slaughter and May; Jane Edwarde – Slaughter and May; Sarahanne Jackson – Slaughter and May; Claire Jeffs – Slaughter and May; Phil Linnard – Slaughter and May; Charles MacRae – Slaughter and May; Adrien Mallevays – Slaughter and May; Gareth Miles – Slaughter and May; Paul Mudie – Slaughter and May; Lorna Nsoatabe – Slaughter and May; Charles Osborne – Slaughter and May; Ben Redding – Slaughter and May; Rhiannon Rees – Slaughter and May; Samay Shah – Slaughter and May; Venetia Speke – Slaughter and May; Abigail Westby – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Johnson Matthey;

Giulia Di Palma

Author: Giulia Di Palma