Milbank LLP has advised the H.C. Starck group on the sale of the tungsten business of H.C. Starck Group GmbH to Masan Tungsten Limited Liability Company, a wholly owned subsidiary of Masan Resources Corporation. The H.C. Starck group is part of the portfolio of the private equity investors Advent International and The Carlyle Group. Previously, Milbank advised H.C. Starck group on the sale of H.C. Starck Ceramics GmbH, the Tantalum & Niobium division, as well as the Surface Technology & Ceramic Powders division.
H.C. Starck group is a leading manufacturer of high-tech tungsten metal powders and carbides (midstream tungsten products) with production hubs in Europe, North America, and China serving customers across the globe.
Closing of the transaction is, inter alia, subject to certain regulatory approvals (including governmental approvals in Vietnam).
A Milbank team advised the H.C. Starck group comprehensively on the legal aspects of the sale.
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