Lone Star Funds to Acquire ContiTech Business From Continental

Paul, Weiss is advising Lone Star Funds on the financing of the acquisition of Continental’s ContiTech business, one of the world’s leading industrial specialists for material solutions. The transaction values the ContiTech business at €4 billion with performance-based components of up to €250 million in subsequent years.

The Paul, Weiss team was led by corporate partners Neel Sachdev, Stefan Arnold-Soulby, Matthew Merkle and Deirdre Jones, and included partner Manuel Frey and counsel Lucy Jenkins; and tax partner Timothy Lowe.