6 July 2023

Advise to Evonik in the acquisition of Novachem S.R.L.

Pérez Alati, Grondona, Benites & Arntsen advised Evonik Metilatos S.A. (“Evonik”) on the acquisition of 100% of Novachem S.R.L. (“Novachem”).

Novachem is a company that researches, develops and commercializes biotechnological, natural and sustainable active ingredients for the cosmetics industry.

Through this acquisition, Evonik will enhance its portfolio of system solutions with a strong and innovative portfolio of biotechnological, natural and sustainable cosmetic active ingredients with scientifically proven claims.

In addition, a guaranty trust, in which TMF Trust Company (Argentina) S.A. acts in its capacity as trustee and not in its personal capacity, was established as a guaranty of certain obligations and liabilities assumed by the sellers vis-a-vis Evonik in the quota purchase agreement.

Deal counsels:

For the buyer (Evonik)

Pérez Alati, Grondona, Benites & Arntsen

Partners: P. Eugenio Aramburu, Nicole Jaureguiberry and Facundo Fernández Santos.

Associates: Nicolás del Campo Wilson, Azul Maria Juarez Pereyra, Verónica Benegas, Juan Ignacio Dighero and Agostina Gariboldi.

For the sellers

Berken IP

Partners: Pedro Berkenwald and Federico Ulled.

For TMF Trust Company (Argentina) S.A.

Marval O’Farrell Mairal

Partner: Roberto E. Silva Jr.

Associate: Martín Iván Lanús

In-House Advisors: Felipe Couyoumdjian and Leonardo Pirolo

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