Bucharest, 11 May 2023
Musat & Asociatii advised Switzerland’s construction chemicals group Sika AG on Romanian legal aspects of its EUR 5.3 billion acquisition of Master Builders Construction Chemicals (MBCC) Group from Lone Star Funds, a global private equity firm.
The deal implied the divestment of MBCC’s concrete admixtures business to the international private equity investor Cinven. The transaction represents the largest acquisition in Sika’s 113-year history and was closed on May 2nd 2023.
MBCC, with headquarters in Mannheim, Germany, is the former construction chemicals division of BASF. It is a global supplier of construction chemicals and solutions for the construction industry with 7,500 employees, operations in more than 60 countries and annual sales of EUR 2.7bn. In 2019, BASF had sold MBCC to the financial investor Lone Star. In November 2021, Lone Star signed a deal to sell MBCC to Sika. The admixtures business divested to Cinven includes production sites and sales offices in 36 countries with more than 1,600 employees and annual sales of EUR 900m.
Musat team was led by Monia Dobrescu (Partner) and formed of a number of skilled associates, among which: Madalina Trifan (Managing Associate), Dragos Lungu (Managing Associate), Simona Anton (Managing Associate), Oana Lupu (Managing Associate), Ana Maria Abrudan (Managing Associate), Cristian Cepesi (Senior Associate), Sirin Omer (Senior Associate) and Evelina Stoian (Associate).