Latham & Watkins advise Sun European Partners on €206m Elix sale

Latham & Watkins advised Sun European Partners on the sale of Elix Polymers to Beijing-based Sinochem International.

The deal was valued at €206 million, according to Mergermarket.

Elix Polymers is a manufacturer of ABS (acrylonitrile butadiene-styrene) resins and derivatives, which are used for car parts in the automotive sector, as well as being used in the healthcare and consumer sectors.

Alantra is a global investment banking and asset management company with offices in Europe, the US, Asia and Latin America. Its asset management division has €4.4 billion of assets under management.

Sinochem was advised by CMS Albiñana & Suárez de Lezo.