Dentons advises Draslovka on the acquisition of Chemours Mining Solutions

Dentons’ global team, including its offices in Chile and Mexico, assisted Draslovka Holding in the acquisition of Chemours Mining Solutions

 Dentons has advised Czech Republic-based global chemicals producer Draslovka Holding on its agreement to acquire the mining solutions business Chemours Mining Solutions, part of The Chemours Company, as well as on the Term Loan B financing of the acquisition, arranged by JP Morgan.

This transaction is expected to close in the fourth quarter of 2021, subject to regulatory approvals and other closing conditions and was valued at $520 million US dollars. Financial solutions company, J.P. Morgan, acted as transactional advisor and arranger of the Draslovka financing, while PwC acted as financial and tax advisor.

This acquisition marks Draslovka’s first major investment in the US and, in conjunction with its recent agreement to acquire Sasol’s sodium cyanide business in South Africa (also advised by Dentons), positions Draslovka as a global player with a significant footprint in the industry.

Chemours Mining Solutions operates a solid sodium cyanide plant in Memphis, Tennessee, primarily serving the Americas region.

Partner Petr Zákoucký said that: “This transaction represents another important milestone for Draslovka and we are thrilled to have been able to play a role in this tremendous success. We look forward to continuing to support our client as they build their global portfolio.”

“Dentons is excited to assist Draslovka in connection with their first investment in the US and I hope that this is just the beginning of an exciting new chapter of their global journey. We see quite admirable interest”, added New York partner, Ilan Katz.

For his part, Pavel Brůžek, Chairman of the Board of Directors of Draslovka highlighted: “We are grateful to have had the Dentons team by our side to facilitate a smooth and efficient acquisition process. Once again, we were impressed with the skills, flawless coordination, and dedication of this outstanding team. They are essential to our global growth.”

Dentons’ core team consisted of partners Petr Zákoucký (Praga), Ilan Katz (Nueva York) and Luis Torres (Washington, DC), along with counsel Adrian Stewart (New York) and associate Barbora Obračajová (Prague), who led Dentons’ legal team on the deal, supported by managing associate Asher Bundlie, managing associate Natalie Hoeper, associate Cameron Low, (New York) and partner Rob Irving (Budapest/Prague);
Dentons’ US team was comprised of partners Todd Silliman (Atlanta), Stephen Libowsky (Chicago), Erin Bass (Los Angeles), Joel Bock (New York), Timothy Santoli (New York), Robert Barbarowicz (Los Angeles), Nicholas Williams (New York), and Michael Zolandz (Washington, DC); counsel Nikki Fanous (Dallas), Andrew Dalin (New York), Sarah Syed (Los Angeles), and Andrew Bates (New York); and associates Jen Huber (Atlanta), Katherine Knickelbein (Pittsburgh), and Shahrzad Noorbaloochi (Washington, DC);

Prague, Czech Republic Dentons’ team was led by partner Jiří Tomola, assisted by associates Michal Pelikán, Lucie Kubínyiová, Anna Urbanová, Martin Fiala, Justina Bodláková, David Šutko, Jan Blažek, and senior associate Ivo Hartmann;

Toronto, Canada Dentons’ team was formed by partners Alex Farcas and Adam Goodman, senior associate Kenda Shaheen;

Mexico City team was led by partner Jorge Jiménez (pictured left), assisted by associates Imanol Ramírez (pictured top right), Julio Osornio (pictured middle right) and Erick Nuño (pictured bottom right);

Lastly, Denton’s team from Santiago, Chile was comprised by partners Ignacio Pera (pictured top center), Karlfranz Koehler (pictured middle center) and Santiago Ried (pictured bottom center).