Greenberg Traurig Team Assists Platform Acquisition Holdings Limited, Founders in $1.8B M&A

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Greenberg Traurig Team Assists Platform Acquisition Holdings Limited, Founders in $1.8B M&A

A multi-office, multi-practice team at international law firm Greenberg Traurig, LLP represented Platform Acquisition Holdings Limited and founders, Martin Franklin and Nicolas Berggruen, on the $1.8 billion deal to acquire MacDermid, Incorporated, a privately-held specialty chemicals company. This acquisition, which is expected to close by the end of October, marks the first step for Franklin in building a portfolio of chemicals businesses. The company, which will now be renamed Platform Specialty Products Corporation, expects to be listed on the New York Stock Exchange before the end of the year.

The Greenberg Traurig effort was led by Donn A. Beloff (Shareholder-Ft. Lauderdale-Corporate/M&A) and Alan I. Annex (Shareholder-New York-Corporate/M&A and chair of the New York Corporate & Securities practice). Annex and Beloff, along with Bruce March (Shareholder-Ft. Lauderdale-Corporate/M&A) have served as key advisers to Franklin and the Platform ownership team at all stages of this process. The Greenberg Traurig team helped Platform to raise $905 million in May through an initial public offering on the London Stock Exchange. Proceeds from that offering were designed to fund acquisitions like MacDermid. One of the unique features of this deal involved the establishment of a multi-tiered structure that allowed existing management at MacDermid to rollover their interest into the new company.

“This complex transaction demonstrates Greenberg Traurig’s ability to provide its clients with a seamless integration of services. We are proud to play a role in the creation of a company that is expected to remake the chemical products industry,” Annex said.

The team also included the following shareholders: Kenneth A. Gerasimovich (New York-Corporate/M&A); Matthew M. Robbins, Brian J. Gavsie, Kara MacCullough, Jonathan D. Malkin and Matthew W. Miller (Ft. Lauderdale-Corporate/M&A); Andrew Caunt and James Mountain (London-Corporate/M&A); Cindy J.K. Davis (Atlanta-Banking); Frederick C. Fisher (Chicago-Corporate-Finance); Kelly Terribile (Delaware-Corporate); Steve Lapidus and Mindy Leathe (Miami-Employee Benefits/Tax); Harry J. Friedman (Fort Lauderdale-Tax); Robert Simon (Washington, D.C.-Tax); Avi Benayoun (Fort Lauderdale-Litigation); Daniel McCawley (Fort Lauderdale-Real Estate); and David J. Dykeman (Boston-Intellectual Property-Technology).

About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 1750 attorneys serving clients from 36 offices in the United States, Latin America, Europe, the Middle East and Asia. Greenberg Traurig is among the Top 10 law firms on The National Law Journal's 2013 NLJ 350, an annual ranking of the largest firms in the U.S. For additional information, please visit http://www.gtlaw.com.

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Lourdes Brezo-Martinez
Greenberg Traurig, LLP
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