Hogan Lovells Advises Advent International on Sale of Oxea
18 December 2013
FRANKFURT/ LONDON, 18 December 2013 - Hogan Lovells has advised Advent International on the sale of Oxea, one of the largest global manufacturers of Oxo chemicals. Oman Oil Company (OOC), a commercial company wholly owned by the Government of the Sultanate of Oman, has acquired Oxea to strengthen its position in the global chemicals sector. The transaction closed at the beginning of December. The purchase price was not disclosed.
Hogan Lovells acted as counsel for Advent International led by partner Joachim Habetha, advising on all aspects of contract, antitrust and tax law. Joachim and his team have previously advised Advent International on numerous transactions.
The full team advising advent included Joachim Habetha (private equity, Frankfurt) as lead partner, Amit Nayyar (partner, corporate/private equity, London), Alexander D. Cobey (partner, Northern Virginia), Jens Uhlendorf (partner, Dusseldorf), Philip Cheng (partner, Shanghai), Jean-Michel Schmit (partner, Luxemburg, all corporate/M&A), Adrian Emch (partner, Beijing), Dr. Christoph Wuenschmann (partner, Munich, both antitrust law), Imtiaz Shah (Partner, Corporate, Dubai), Michael Dettmeier (partner, tax Dusseldorf), Robert Darwin (counsel, Corporate, London), Jens Christian Boettcher (private equity, Frankfurt) and Laura Philipp (antitrust, Munich).
Founded in 1984, Advent is one of the largest and most experienced global investors dedicated solely to private equity. Since inception, the firm has invested in more than 280 buyout transactions in 36 countries and today has EUR 24.3 billion in assets under management. With offices in four continents, Advent has established a globally integrated team of over 170 investment professionals across Europe, North America, Latin America and Asia.