Shearman And Sterling

News September 14, 2015

Shearman & Sterling Advises Lenders on Add-on Acquisition by Duran Group

Shearman & Sterling advised Avenue Capital, BlueBay and other funds on the financing of the add-on acquisition of Wheaton Industries, Inc. (Wheaton) by Duran Group, a portfolio company of One Equity Partners (OEP) for an undisclosed sum.

Duran Group was sold from ADCURAM to OEP in February 2015. With the acquisition of Wheaton, OEP has strengthened its portfolio of life science and healthcare companies.

Duran Group is a worldwide leading manufacturer of borosilicate glass - a special glass for producing laboratory glassware and used in chemical engineering and in the industrial sector. Wheaton has manufactured and supplied high quality glass and plastic laboratory equipment for 126 years.

The Shearman & Sterling team of lawyers was led by partner Winfried M. Carli and included associate Andreas Breu (all Frankfurt-Finance). New York law advice was provided by partners Steven Sherman (London-Finance), Douglas McFadyen (New York-Tax), Lisa Brill (New York-Real Estate) and counsel Sharon Lippett (New York-Executive Compensation & Employee Benefits) as well as associates Antonio Fusco (New York-Finance), Derek Kershaw and Adam Sternberg (both New York-Tax). Associates Tom Berisford, Camilla Hunter and Sedina Aidam (all London-Finance) advised on UK law.