King & Spalding with Dow on DowAksa’s share sale
King & Spalding represented materials science companies Dow, on the sale and purchase agreement for the sale of its 50% interest in DowAksa.
The context
Aksa, a company of Akkök Holding and Dow’s current joint venture partner, is acquiring the stake in question.
Dow’s expected proceeds from the sale sit at $125m, which reflects, after accounting for debt, an enterprise value of approximately 10 times the estimated 2025 operating EBITDA.
The King & Spalding team
The King & Spalding team advising Dow featured Simon Fraser, Matt Hartsuyker, Dan Feldman, Salome Cisnal de Ugarte, Jill Cooper, Eoin Coffey, Aaron Ohm, Michael Langan, Chris Travis and Lamya Al-Yazdi. Moreover, Turkish firm Paksoy provided local law advice.
