Historic attitudes favouring globalisation are fundamentally changing....
| 1yr
| 1yr
Historic attitudes favouring globalisation are fundamentally changing....
The Wilton, Connecticut-headquartered Sun Products Corporation manufactures household products including Snuggle, Wisk, Surf and Sunlight. Its purchase from Vestar Capital Partners makes Henkel the second largest laundry care business in North America.
The deal was funded by a $3.6 billion debt package arranged by BNP Paribas Fortis SA/NV, Deutsche Bank AG and J.P. Morgan Limited.
King & Spalding acted for Henkel on the acquisition financing. The cross-border team was led by London and Frankfurt-based finance and restructuring partner Dr Werner Meier. London partner John Taylor worked on FATCA matters, while New York partner John Sweet and Frankfurt partner Dr Axel Schilder provided US and German tax advice respectively. New York partner Cecilia Hong advised on US banking issues.
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