We are advising Nippon Paint on the acquisition

Davis Polk is advising Nippon Paint Holdings Co., Ltd. on its $2.3 billion acquisition of AOC from Lone Star Funds. The transaction is expected to close in the first half of 2025, subject to regulatory approvals and the satisfaction of customary closing conditions.

Nippon Paint is global manufacturer and distributor of paints, coatings and paint-related materials. Based in Japan, Nippon Paint conducts business in 47 countries and regions.

AOC is a leading global supplier of specialty formulations and solutions which enable customers to create robust, durable and versatile products and components for applications in coatings and protective barriers, colorants and visual effects, adhesives and specialties and conventional composites.

The Davis Polk corporate team includes partner Ken Lebrun and associates Paul Lee and Maarten van der Plas. Partner Corey M. Goodman is providing tax advice. Partner Kyoko Takahashi Lin is providing executive compensation advice. Partner Howard Shelanski and counsel Matthew Yeowart are providing antitrust and foreign investment advice. Counsel Michael Comstock is providing environmental advice. Partner David R. Bauer is providing intellectual property advice. Partner Paul D. Marquardt is providing CFIUS advice. Members of the Davis Polk team are based in the Tokyo, New York, Washington DC and London offices.

Copy link to share post