GCO Applied Technologies (Saint-Gobain Group) [Counterparty: Family-owned industrial additives business]

Strategic acquisition in industrial additives sector. We are advising GCO Applied Technologies—a business unit of Saint-Gobain, which is a global leader in lightweight and sustainable construction—on the acquisition of 100% of the shares of a family-owned industrial additives business with a focus on additives for concrete and cement. Deal structuring and execution: Besides being involved in the structure of this new deal, we are also part of the negotiation and drafting of all necessary documents towards closing, and the post-closing stage. Evaluating transaction thresholds and market impact in Peru: Our advisory also includes the analysis and calculation of the thresholds to review if it is mandatory to notify the transaction before the Peruvian Competition Authority. We also analyse whether the transaction may impact the Peruvian market, to verify if it could trigger negative effects over the competition process. Client’s first acquisition for specific business unit market entering: GCO Applied Technologies has become a very important player in its industry and this acquisition will be the first one in Peru for a specific business unit entering the market. We have advised the client on a number of acquisitions, which have led to a significant expansion of its operations in our country over the last six years. Latest development: The case is currently at a negotiation stage.

Matter value – include currency and amount in figures :

Saint Gobain Group’s net income in June 2024: USD 1.7 billion

Is this a cross-border matter? If yes, please indicate the jurisdictions involved :

No

Lead partner :

Joanna Dawson

Other team members :

Gonzalo Del Castillo

Other firms advising on the matter and their role(s) :

CPB Abogados (Counsel to seller)

Date of completion or current status :

Ongoing