Sika AG’s €5.2 Billion Acquisition of MBCC Group

Baker McKenzie and Lenz & Staehelin advised Sika AG on the transaction. Kirkland & Ellis advised Affiliates of Lone Star Funds. Homburger advised UBS AG, UBS Switzerland AG and Citibank, N.A., London Branch. Weil, Gotshal & Manges advised affiliate of Lone Star Funds.

Sika AG completed the acquisition of MBCC Group (Master Builders Construction Chemicals), the former BASF Construction Chemicals division, from Lone Star Funds, a global private equity firm, for a consideration of CHF 5.5 billion (EUR 5.2 billion). MBCC Group is a global supplier of construction chemicals. With approximately 7.500 employees MBCC Group operates more than 150 plants in over 60 countries. In 2021, net sales amounted to EUR 2.7 billion.

Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry.

The Baker McKenzie team consisted of partner Florian Kästle (Picture, Frankfurt); Corporate/M&A: Thorsten Seidel (partner, Berlin), Andrea Ziegler (partner, Frankfurt), Ulrich Weidemann (counsel, Frankfurt), Stephan Gönczöl (associate, Munich), Holger Engelkamp (counsel, Berlin), Felix Werner (associate, Frankfurt), Jasmin Mayerl (associate, Berlin), Annalena Nink (Frankfurt), Alan Zoccolillo (partner, New York), James Heller (senior associate, London); Antitrust: Nicolas Kredel (partner), Jan Kresken (counsel), Markus Mossmann (associate), Florian Kotman (associate, all Dusseldorf), Gavin Bushell (partner, Brussels), Creighton Macy (partner), John Fedele (partner, both Washington); Employment: Gregor Dornbusch (partner), Benedict Seiwerth (associate, both Frankfurt); Foreign Trade control: Anahita Thoms (partner), Alexander Ehrle (associate, both Berlin); Commercial & Trade: Joachim Fröhlich (counsel, Munich); Public Law: Andreas Schulz (counsel, Berlin).

The Lenz & Staehelin team included partners Marcel Tranchet (Finance) and Tino Gaberthüel (Corporate/M&A) and as well as Roland Fischer and Federico Henseler (both Finance).

The Kirkland team was led by debt finance partners Daniel Borg, Neel Sachdev and Sam Sherwood.

The Homburger team was led by partner Jürg Frick and included associates Stefan Bindschedler and Daniel Junginger (all Financing and Investment Products) as well as partner Stefan Oesterhelt (Tax).

The Weil team was led in London by partners Michael Francies and Max Oppenheimer supported by Private Equity counsel Edward Freeman and by Private Equity associates James Evelegh, Bonian Wu and Oliver Cross. Antitrust advice was provided by partner Niklas Maydell with counsel Neil Rigby and associate Lucy Peckham. Tax advice was provided by partner Jenny Doak and associate Oliver Rosshandler. IP/IT advice was provided by partner Barry Fishley. The Weil team also included partner Brianne Kucerik and counsel Rob Meyer in Washington, D.C., and associate Khatera Zuschlag in Frankfurt.

Involved fees earner: Gavin Bushell – Baker McKenzie; Gregor Dornbusch – Baker McKenzie; Alexander Ehrle – Baker McKenzie; Holger Engelkamp – Baker McKenzie; John Fedele – Baker McKenzie; Joachim Fröhlich – Baker McKenzie; Stephan Gönczöl – Baker McKenzie; James Heller – Baker McKenzie; Florian Kästle – Baker McKenzie; Florian Kotman – Baker McKenzie; Nicolas Kredel – Baker McKenzie; Jan Kresken – Baker McKenzie; Creighton Macy – Baker McKenzie; Jasmin Mayerl – Baker McKenzie; Markus Mossmann – Baker McKenzie; Annalena Nink – Baker McKenzie; Andreas Schulz – Baker McKenzie; Thorsten Seidel – Baker McKenzie; Benedict Seiwerth – Baker McKenzie; Anahita Thoms – Baker McKenzie; Ulrich Weidemann – Baker McKenzie; Felix Werner – Baker McKenzie; Andrea Ziegler – Baker McKenzie; Alan Zoccolillo – Baker McKenzie; Stefan Bindschedler – Homburger; Jürg Frick – Homburger; Daniel Junginger – Homburger; Stefan Oesterhelt – Homburger; Daniel Borg – Kirkland & Ellis; Neel Sachdev – Kirkland & Ellis; Sam Sherwood – Kirkland & Ellis; Roland Fischer – Lenz & Staehelin; Tino Gaberthüel – Lenz & Staehelin; Federico Henseler – Lenz & Staehelin; Marcel Tranchet – Lenz & Staehelin; Oliver Cross – Weil, Gotshal & Manges; Jenny Doak – Weil, Gotshal & Manges; James Evelegh – Weil, Gotshal & Manges; Barry Fishley – Weil, Gotshal & Manges; Michael Francies – Weil, Gotshal & Manges; Edward Freeman – Weil, Gotshal & Manges; Brianne Kucerik – Weil, Gotshal & Manges; Niklas Maydell – Weil, Gotshal & Manges; Rob Meyer – Weil, Gotshal & Manges; Max Oppenheimer – Weil, Gotshal & Manges; Lucy Peckham – Weil, Gotshal & Manges; Neil Rigby – Weil, Gotshal & Manges; Oliver Rosshandler – Weil, Gotshal & Manges; Bonian Wu – Weil, Gotshal & Manges; Khatera Zuschlag – Weil, Gotshal & Manges;

Law Firms: Baker McKenzie; Homburger; Kirkland & Ellis; Lenz & Staehelin; Weil, Gotshal & Manges;

Clients: Citibank London Branch; Lone Star Funds; Sika AG; UBS AG; UBS Switzerland AG;