Lone Star Americas Acquisitions, Inc. and management of Manuchar agreed to acquire Manuchar NV from Maas family, management and Ackermans & van Haaren, in an equity reinvestment transaction, on January 14, 2022. At the closing of the transaction, AvH shall be entitled to cash proceeds of approximately Ç140 million ($160.55 million). The final amounts depend on the actual closing date. Manuchar reported sales of $2.5 billion. The transaction is subject to antitrust approval. The closing of the agreement between the shareholders of Manuchar and Lone Star is expected in the second quarter of 2022. Rothschild & Co acted as financial advisor, Allen & Overy acted as legal advisor, Deloitte acted as accountant and financial advisor, Roland Berger acted as commercial consultant and Marsh acted as insurance consultant to Manuchar NV. BNP Paribas acted as financial advisor, James Howe, Clare Gaskell, Etienne Renaudeau, Owen Lysak of Simpson Thacher & Bartlett and Kirkland & Ellis acted as legal advisors, KPMG acted as financial advisor, PricewaterhouseCoopers LLP acted as accountant, BCG acted as commercial consultant, Marsh acted as insurance consultant and ERM acted as environmental consultant to Lone Star Americas Acquisitions, Inc. Rafael Boisset from Philippi Prietocarrizosa Ferrero Du & Uria acted as legal advisors to Lone Star Americas Acquisitions, Inc. Mattos Filho also advised the parties on the transaction
Lone Star Americas Acquisitions, Inc. and management of Manuchar completed the acquisition of Manuchar NV from Maas family, management and Ackermans & van Haaren on June 30, 2022. The transaction yields a cash proceed of Ç159 million for AvH.