Gateley Plc acted for GIL Investments and the other shareholders on the sale of Akcros Chemicals, a GIL Investments portfolio business.
Akcros Chemicals is a provider of specialty chemicals used as additives in the production and processing of polymers, paint and coatings with a leading presence in both the European and North American markets.
The deal was led by Corporate partners Paul Cliff and Nigel Brown, and supported by Corporate legal director, Chris Williams, Corporate solicitor, Katherine Hornsby and Real Estate solicitor, Tim Swallow. Tax advice was provided by Tax senior associate, Martin Jahreiss and Tax legal director, Richard Clitherow.
Commenting on the deal Paul Cliff said: “We were delighted to advise the shareholders on their sale of shares in Akcros Chemicals and we wish Akcros Chemicals continued success.”
Nigel Brown said: “The multi-jurisdictional nature of this transaction made it an interesting challenge. We are delighted to have worked with our colleagues across our offices and in the US to have brought this transaction to a successful conclusion.”