Deals & Cases

Homburger advised DKSH on its Acquisition of Terra Firma

On September 22, 2022, DKSH Holding Ltd (SIX: DKSH) announced the acquisition of Terra Firma, a leading distributor of specialty chemicals in North America. With this acquisition, DKSH expands its platform of the Business Unit Performance Materials to the USA and Canada. The transaction is an important step in DKSH’s strategy to build a global distribution platform for specialty chemicals and ingredients.

The transaction, which is expected to close towards the end of year, will be valued at USD 360 m enterprise value. DKSH will acquire at least 80% of Terra Firma with the remainder held by the company’s existing management team. The transaction will be financed via debt and cash.

Homburger has advised DKSH in this transaction on matters of Swiss law including the debt financing.

The Homburger team comprised partner Frank Gerhard (Corporate / M&A), partner Jürg Frick and counsel Eduard De Zordi (both Financing and Investment Products), as well as associate Timo Hasler (Corporate / M&A).