Shearman & Sterling advised Silverfleet Capital on financing aspects of the sale of Prefere Resins (Prefere), a leader in phenolic and melamine resins, to One Rock Capital Partners.

Headquartered in Erkner, Germany, Prefere is a leading European manufacturer of phenolic, specialty urea and, melamine resins as well as high quality derivatives of methanol-(C1)-chemistry. The company employs over 600 people largely based in Europe and North America where it operates a number of high-quality manufacturing and R&D facilities. The company serves high-growth sub-sectors within construction, insulation, coatings, and various industrial niches which are expected to continue to benefit from positive market trends.

Silverfleet Capital is an independent European holding company investing in midmarket companies and is a long-standing client of Shearman & Sterling.