Dominion Colour ("DCC") located in Canada, and its subsidiary companies in the US, UK and South America, manufacture, market and distribute a full range of coloured inorganic and organic pigments, as well as pigment preparations and dispersions, specialty coatings and digital inks.
NewPoint was retained as exclusive financial advisor by DCC to assist in negotiating the purchase financing and all purchase terms related to the acquisition of two pigment divisions from BASF. NewPoint was responsible for negotiating price, structure and payment terms that not only satisfied our client and BASF but also needed the approval of the US and European competition and trade groups.
In 2008, BASF acquired Ciba Holdings Inc. In order for the Federal Trade Commission and the European Commission's Directorate-General for Trade to approve the transaction, BASF had to divest individual product lines and production plants as well as product licenses. BASF approached DCC’s management on acquiring two pigment divisions, formerly owned by Ciba. NewPoint’s value add was to assist management in negotiating the key deal terms with BASF, and with both the FTC and the European Commission.
In addition, NewPoint presented various financing options to DCC’s shareholder group and conducted a financing process that met the shareholder's objectives.