Advent International sells allnex to PTTGC International (Netherlands) B.V. with Allen & Overy’s assistance

allnex is the leading global producer of industrial coating resins, offering a broad range of coating polymers and additives. With about €2bn in revenue and around 4,000 employees worldwide, allnex has leading positions in all key industrial coating segments, including a.o. industrial metal, automotive, and packaging. allnex manages a global production network of 33 state-of-the-art manufacturing sites and 23 research and technology facilities to support customers across the world.

The international Allen & Overy team was led by partner Dr Helge Schäfer (Hamburg), together with partners Dr Michiel Huizinga (Frankfurt) and Gordon Milne (London), as well as counsel Alexander Wüpper (Frankfurt) and senior associate Monika Przygoda (London, all Corporate/M&A/Private Equity).

The entire team comprised well over 100 lawyers across multiple practice groups in 18 Allen & Overy offices worldwide.

An international Allen & Overy team led by Helge Schäfer had already advised Advent and allnex on the acquisition of Nuplex in 2016.