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DFDL advises on a major global corporate M&A transaction


DFDL advises on a major global corporate M&A transaction

Private equity firm, SK Capital Partners and co-investors recently acquired three specialty chemical divisions of Clariant AG, a large publicly held Swiss based global company (“Ginger” – Textiles chemicals, “Saffron” – Paper chemicals and “Mint” – Emulsion chemicals) that generate approximately US$1.3 billion in annual global revenues. These businesses, which will now be known as “Archroma”, employ approximately 3,000 employees and operate 25 facilities worldwide.

The lead international counsel for SK Capital on the transaction were Morgan Lewis & Bockius LLP (MLB) who were joined by 30 law firms, including DFDL, across 32 countries to create an efficient and effective global legal team.

DFDL advised on all Thailand and Bangladesh law aspects of this acquisition. The DFDL team was led by Rashed Idrees with Project Manager Kartik Srivastava who was instrumental in all aspects of the transaction and coordinating our teamwork across three offices to achieve a timely and efficient closing of the asset acquisition and financing in Thailand and company acquisition in Bangladesh.

We are grateful that we were afforded the opportunity to be part of, and contribute to, this global transaction. It required close co-operation and teamwork among lawyers from our Singapore, Thailand, Bangladesh offices and counsels from MLB’s Japan and US offices. DFDL is uniquely placed in this region to follow its “no walls, no boundaries” model of providing seamless and integrated services to our clients across all our jurisdictions.” Rashed Idrees, Partner Singapore, Bangladesh, Indonesia and Cambodia.

Related lawyers

Singapore team (DFDL Project Lead):

Rashed Idrees
Bangladesh, Cambodia, Indonesia and Singapore

Kartik Srivastava
Project Lead and Manager

Thailand team :

Rashane Leerabandhu
Country Partner

Veeravi Benyajati
Senior Legal Adviser

Kavita Pradoemkulchai
Legal Adviser

Bangladesh team :

Shahwar Nizam
Country Partner, Bangladesh

Bulbul Ahmed
Senior Lawyer


Rashed Idrees

Partner Singapore, Bangladesh Indonesia and Cambodia.