Morrison & Foerster is representing Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta”) in its acquisition of 100 percent of the share capital of U-POL Holdings Limited for £428 million in cash (approximately US$590 million).
Axalta is a global leader in the paints and coatings industry, providing customers with paints and coatings for a broad range of applications including light vehicles, commercial vehicles, vehicle refinish, building facades, and other industrial applications.
U-POL, based in the United Kingdom, is a leading manufacturer of repair and refinish products primarily for automotive refinish and aftermarket protective applications.
The MoFo team was led by Corporate/M&A partners Stuart Alford (London) and Spencer Klein (NY), associates Nishita Vasan (London) and Omid Kheradmand (London), and trainee solicitor Harry Anderson (London).
Read more about the transaction in Axalta’s press release.