Haynes Boone represented SACHEM, Inc., an international chemical manufacturing company based in Austin, Texas, in its restructuring to repay SACHEM’s senior $120 million credit facility through a series of complex international finance and M&A transactions.
The transactions required coordination with local counsel and personnel around the world by the Haynes Boone global team. The final transaction closed on June 3 after nearly seven months of negotiations and nearly two years of work.
Partner Jeff Nichols and Associate Bradley Potts, assisted by Associates Sam Richards and Darby Sorrels, led the negotiation of multiple credit agreement amendments, several international security agreements in the Netherlands, Japan, China and Mauritius, a bridge loan from a Japanese JV partner, and a senior lender payoff.
Nichols and Potts also assisted on the negotiation and closing of a $30 million sale of SACHEM's Dutch operations to Standard Investments.
“Reflecting nearly two years of work, this matter truly showcased the depth of Haynes Boone’s international capabilities,” said Nichols, chair of the firm’s Energy Practice Group. “These transactions were complex and multi-jurisdictional, requiring close collaboration with local advisors in Asia, Europe and Africa. I’m grateful to our global team for their commitment and focus every step of the way.”
Partner Valisa Berber-Thayer led the negotiation and closing of a monumentally complex $101 million sale of SACHEM's Asian operations in Japan, China, Korea and Taiwan to Nagase and Co. Ltd., a Japanese public company, with support from Partner Liza Mark and Associates Hayley Hervieux and Khalil Bryant. The team was assisted by Potts, Partners Randy Colson, Charles Jones, Larry Shosid, David Taubenfeld and Odean Volker, Senior Counsel Steven Buxbaum, Jeff Civins and Jim Wade, Counsel Ed Lebow and Danielle Marr, and Associates Maisy Chang, Liza Vasek, Annie Lawson, Sam Mallick, Victor K. Salazar and Hannah Shoss, among others.
Partner Charles A. Beckham Jr. and Associate David Trausch advised on strategic restructuring matters, with assistance from Counsel Kourtney Lyda and Associate Re’Necia Sherald.
Haynes Boone’s M&A Practice Group has comprehensive experience handling middle-market deals, having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $50 billion. The firm routinely represents private equity firms, closely held corporations, founders, large financial institutions and Fortune 500 public companies.
Haynes Boone’s market-leading Energy Practice Group has a strong presence across key global energy hubs, including London, Mexico City and the United States. The group advises clients across the full oil and gas value chain, from upstream exploration and production to midstream and downstream operations, as well as in energy transition sectors such as carbon capture, wind, solar and battery storage. In addition to its transactional capabilities, the group offers deep experience in capital markets, project finance, energy regulatory matters, litigation, M&A and restructuring. The Practice Group is ranked nationally by Chambers, with several of its partners also ranked for their service to clients within energy and oil and gas sectors.
