POELLATH advises the management of Prefere Resins Holding GmbH on the sale to One Rock Capital Partners
The private equity firm One Rock Capital Partners (“One Rock”) has acquired a majority stake in Prefere Resins Holding GmbH (“Prefere Resins”), one of the leading European producers of phenolic resin. The seller was the European private equity investor Silverfleet Capital (“Silverfleet”), which acquired a majority stake in the company almost 4 years ago. The transaction is still subject to regulatory approvals. The parties have agreed not to disclose the purchase price. The closing is expected to take place in the second or third quarter of 2022. POELLATH provided comprehensive legal and tax advice to the management of Prefere Resins in connection with the sale and the management participation.
Prefere Resins Holding GmbH, based in Erkner near Berlin in Brandenburg, Germany, is one of the European market leaders in the development, production and distribution of phenolic and amino resins used as a basis for composite materials in the construction, insulation and industrial sectors. The company has a number of high-quality production and research and development facilities, most of which are located in Europe and North America. Prefere Resins employs more than 600 people worldwide and serves more than 300 customers, including many large, multinational blue-chip companies that produce wood-based and insulation materials.
POELLATH provided comprehensive legal and tax advice to the management of Prefere Resins within the context of the sale and the management participation with the following Munich team:
- Dr. Benedikt Hohaus (partner, lead, management participation/private equity)
- Dr. Tim Kaufhold (partner, M&A/private equity)
- Dr. Nico Fischer (partner, tax)
- Dr. Moritz Klein (counsel, M&A/private equity)
- Silke Simmer (senior associate, management participation/private equity)
