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Stanton is handling the deal for Diversey as the Bain Capital-backed hygiene, infection prevention and cleaning products company “goes private” following a $4.6B merger with Solenis special chemical producer.
Phil Wieland, Diversey CEO, said the merger is an opportunity “to create a more diversified business with increased scale, broader global reach, and superior customer service capabilities."
The combined company “will provide a number of attractive cross-selling opportunities, including meeting increasing customer demand for water management, cleaning and hygiene solutions,” he added.
Diversey shareholders will receive $8.40 in cash for their shares. That represents a 41 percent premium over the March 7 closing stock price.
Stanton’s Charlyn Lusk and Scott Lessne are working the deal.
C Street Advisory handles iRobot Corp as the marketer of the Roomba autonomous vacuum cleaner files Chapter 11 after being squeezed by cheaper competitors.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
