Cleary Gottlieb Represents Westlake Chemical in Acquisition of NAKAN

Cleary Gottlieb is acting as counsel to Westlake Chemical Corporation in its acquisition of NAKAN, a global compounding solutions business, from Los Angeles-based private equity firm OpenGate Capital for approximately USD265 million. The transaction is expected to close by early 2019, subject to receipt of regulatory approvals, completion of required employee consultation procedures and other customary closing conditions.

The Cleary Gottlieb team was led by partner James Langston and counsel Sophie de Beer, and included partners Anne-Sophie Coustel and Oliver Schröder, counsel Emmanuel Ronco, senior attorney Aude Dupuis and associates Jerome Hartemann, Nicolas Degardin, Cristina Samaras, Alexandre Reignier, Michael Spirtos, Sabria Cornish and Roman van den Busch. Partner Christopher Cook, senior attorney Michael Mayr and associates Jacopo Figus Diaz, Sarah Taheny and Ben Holles de Peyer advised on EU antitrust issues. James Langston, Michael Spirtos and Sabria Cornish are based in New York. Anne-Sophie Coustel, Sophie de Beer, Emmanuel Ronco, Aude Dupuis, Jerome Hartemeann, Nicolas Degardin, Cristina Samaras and Alexandre Reignier are based in Paris. Oliver Schröder is based in Frankfurt. Michael Mayr and Roman van den Busch are based in Cologne. Christopher Cook, Jacopo Figus Diaz, Sarah Taheny and Ben Holles de Peyer are based in Brussels.