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Apollo Funds Enter Into Negotiations With Alain de Krassny for Sale of Kem One Group
- Client News
- September 10, 2021
Paul, Weiss is advising funds affiliated with Apollo Global Management in their exclusive negotiations with Alain de Krassny of De Krassny GmbH for the sale of the Kem One Group. With 1,400 employees and 8 industrial sites located across France and Spain, Kem One is a leading European producer of polyvinyl chloride (PVC), used mainly in construction, packaging and medical applications, and caustic soda.
De Krassny GmbH and the Apollo funds signed a put option agreement for the proposed sale, which is expected to be finalized by the end of 2021, subject to customary closing conditions and regulatory approvals. Financial terms were not disclosed.
The Paul, Weiss team includes, among others, M&A partner Brian Scrivani; finance partners Gregory Ezring, David Carmona and Brad Finkelstein; intellectual property partner Charles Googe; capital markets partner Brian Janson and counsel Luke Jennings; tax partner Brad Okun; executive compensation partner Lawrence Witdorchic; and investment funds counsel Lisa Koff and Jeremy Larkins.