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JSA acts on India leg with Paul Weiss of NL-NZ-US Broadview-Formica buy

JSA advised and assisted Broadview Holding B.V. (“Broadview”) on the acquisition of Formica Group (“Formica”), a business unit of Fletcher Building Holdings Limited, and , according to reports.

CINCINNATI... Broadview Holding, a Netherlands-based industrial holding with a significant presence in material technology and energy, announced today it has completed the $840 million (U.S. dollars) acquisition of Cincinnati-based Formica Group from Fletcher Building. The sale includes Formica businesses in North America, Europe, and Asia, as well as its Homapal metal laminates business.
Prnewswire

Formica’s subsidiary in India, Formica Laminates (India) Private Limited, and its immediate shareholders were initially excluded from the transaction. However, Broadview retained the option to acquire Formica India at a later date.

J Sagar Associates advised Broadview Holding BV led by a team of partners Shivpriya Nanda, Minu Dwivedi, and Zain Pandit, principal associate Gaurav G Arora and associates Tanisha Bhatia and Namrata Nambiar.

Paul Weiss, Rifkind, Wharton & Garrison LLP acted as overseas counsel to Broadview.

Formica was advised by New Zealand law firm Bell Gully.

2019-06-04

Deal value: USD 840 million

Primary jurisdiction of deal: US.

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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