Latham & Watkins Advises SK Capital Partners in Acquisition of Saint-Gobain’s Crystals Business
Funds advised by SK Capital Partners, LP (SK Capital) and Edgewater Capital Partners, LP (Edgewater), private investment firms focused on the specialty materials and specialty chemicals sectors, announced that they have entered into exclusive negotiations following submission of their binding offer to acquire the scintillation and photonic crystals business of Saint-Gobain, S.A. SK Capital will lead the investment with Edgewater acting as a meaningful minority shareholder with Board involvement. The transaction is subject to regulatory approval and is expected to close before the end of the year.
Latham & Watkins LLP represents SK Capital in the transaction with a M&A team led by Washington, D.C. partner Nick Luongo, with associates Mariclaire Petty, Jill Rubinger, and Maddie Merkle. Advice was also provided on French corporate law matters by Paris partner Denis Criton, with associate Thibault Burnier; on French tax law matters by Paris partner Xavier Renard, with associate Alexis Caminel; on US tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with associate Robert Christoffel; on benefits matters by Washington, D.C. partner Matthew Conway and Washington, D.C. counsel Laura Szarmach, with associate Victoria Wolfe; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associate Andrew Abokhair; on environmental matters by Washington, D.C. partner James Barrett and London partner Paul Davies, with associate James Bee; on finance matters by Washington, D.C. partners Jeffrey Chenard and Katherine Putnam, with associates Ashley Rose and Eleni Belay; on antitrust matters by Bay Area partner Josh Holian, Washington, D.C. counsel Patrick English, and Brussels counsel Tomas Nilsson; on foreign direct investment matters by Hamburg counsel Jana Dammann, with associate Nicolas Jung; on trade control matters by Washington, D.C. counsel Ruchi Gill, with associate Matthew Crawford; on anticorruption matters by London partner Nathan Seltzer, with associate Kyle Skinner; on government contracts matters by Washington, D.C. partner Kyle Jefcoat, with associates Allen Perry and Blake Page; on data privacy matters by Washington, D.C. partner Tony Kim, with associate Jimmy Smith; on real estate matters by New York partner Dara Denberg, with associate Tom Ficchi; on China corporate law matters by Shanghai associate Vincent Jiang; and on Japan corporate law matters by Tokyo partner Hiroki Kobayashi.