Charterhouse Capital Partners LLP - Lucite International Group acquisition - A $1,133.12 m

• Entry date - Monday, 17 November 2008
• Jurisdiction - Japan, United Kingdom
• Practice - M&A
• Mitsubishi Rayon Co entered into agreements with the U.K. based private equity firm Charterhouse Capital Partners LLP for the acquisition of all outstanding shares of Lucite International Group Limited for approximately USD $1.6 billion in cash.

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Deal summary

Mitsubishi Rayon Co entered into agreements with the U.K. based private equity firm Charterhouse Capital Partners LLP for the acquisition of all outstanding shares of Lucite International Group Limited for approximately USD $1.6 billion in cash.

The transaction is subject to regulatory approval in various jurisdictions, including Europe, the U.S. and China, and will be financed by The Bank of Tokyo Mitsubishi UFJ, Ltd.  It is expected to close before June 30, 2009.