Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
8 November 2023
Deals | France | M&A
Gide and Simpson Thacher & Bartlett LLP have advised Clariant, a Swiss multinational specialty chemical company and worldwide leader in sustainable, high value specialty chemicals, in the acquisition of Lucas Meyer Cosmetics, a leading provider of high value ingredients for the cosmetics and personal care industry, from International Flavors & Fragrances (IFF). The contemplated acquisition was agreed on a total cash consideration of USD 810 million (~ CHF 720 million) on a debt-free, cash-free basis, equivalent to an EV/ reported EBITDA multiple (LTM August 2023) of 16.3x. The proposed transaction is subject to standard employee consultation in France, regulatory approvals and customary closing conditions and is expected to close in the first quarter of 2024.
The Gide team was led by partner Anne Tolila, assisted counsel Pierre-Antoine Degrolard and associates Louis Etienne and Clément Chantre on M&A and corporate aspects; Pauline Manet, senior associate, on employment law; partner Ségolène Pelsy, and associates Philippine Fradet and Elsa Henry, on antitrust and merger control aspects; and partner Jean-Hyacinthe de Mitry and senior associate Luca Chevallier, on IP matters. Gide also coordinated a network of lawfirms, including Herzog Fox & Neeman on Israeli matters, Allens on Australian matters and McCarthy Tétrault on Canadia matters.
The Simpson Thacher Team included Sebastian Tiller, Jihyun Chung, Daniel Westen and Isaac Hudis (M&A); Jeannine McSweeney, Laura Gallo and Damian Gallagher (Employee Benefits); Drew Purcell, and Scott Grundei (Tax); Marisa Geiger and Alysha Sekhon (Intellectual Property); Steve DeLott (Insurance); Krista McManus (Real Estate); Michael Isby (Environmental); Peter Guryan and Max Fischer-Zernin (Antitrust); Mick Tuesley and Jennifer Ho (FDI); Mark Brod and Melissa Lewis (Capital Markets); and Shahpur Kabraji and Andrew Bechtel (Credit).
