Magic Circle firms Clifford Chance and Freshfields Bruckhaus Deringer are advising on the latest big M&A transaction out of Germany—the sale of specialty chemical and manufacturing company CABB International by one London-based private equity firm to another.
Announced Tuesday, the deal calls for Permira Advisers, represented by Clifford Chance, to acquire Cabb International from Bridgepoint Capital, which has turned to Freshfields as its outside counsel. While the transaction’s terms were not disclosed, Bloomberg, citing individuals knowledgeable about the matter, put the value of Sulzbach-based CABB at roughly $1 billion.
