Date Closed

August 2, 2011

Lead Office

Toronto

Value

700.00 Million EUR

On August 2, 2011, OM Group Inc., a leading global solutions provider of specialty chemicals, advanced materials, electrochemical energy storage, magnetic materials, acquired Vacuumschmelze GmbH & Co. KG, a global market leader in advanced materials and specialty magnetics, for approximately 700 million Euros.

In connection with the acquisition of VAC, the company terminated its existing financing agreement, and entered into a new long-term financing agreement, including a new revolving credit facility and two new term loans. The syndication, led by BofA Merrill Lynch, PNC Capital Markets LLC and BNP Paribas, was oversubscribed. 

McCarthy Tétrault LLP acted as Canadian counsel to the syndicate of banks, with a team led by Barry Ryan.