Laporte Plc has announced its intention to sell 60% of its business to investment company Kohlberg Kravis Roberts and Co (KKR) for $1.175 billion. KKR will acquire Laporte's water technology, timber treatment and electronics division, leaving Laporte free to focus on the development of speciality organics, including fine chemicals. KKR has turned to Clifford Chance, where London partner Douglas French is advising on tax matters. Laporte has opted for Slaughter & May, with assistant Philip Higham of the London office providing tax advice.
Clifford Chance powers KKR purchase
