JPM is happy to support BASF in Closure on sale of Construction Chemicals business in Serbia

In 2019, BASF and an affiliate of Lone Star, a global private equity firm, signed an agreement for the acquisition of BASF’s Construction Chemicals business worldwide.

With around 7,500 employees, the Construction Chemicals business operates in more than 60 countries, including Serbia. The Closing of the Serbian part of the Transaction was completed on 30th November 2020.

JPM, led by Partner Jelena Stankovic Lukic, acted as local counsel and provided full legal support to BASF Serbia on the divestiture of Construction Chemicals business in Serbia, it’s carving out by subsidiary establishment and asset deal and followed by the sale of Serbian Master Builders Solutions to Lone Star affiliate. Master Builders Solutions is now part of MBCC Group, one of the leading suppliers of construction chemicals and solutions, which has emerged from the BASF Construction Chemicals business after its acquisition by Lone Star Group.

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