Orion Engineered Carbons S.A. $232.5 Million Secondary Offering

Davis Polk advised the sole underwriter in connection with an SEC-registered secondary offering of 10,000,000 common shares of Orion Engineered Carbons S.A. by Kinove Luxembourg Holdings 1 S.à r.l. and certain other sellers, including current and former members of Orion’s management team. The net proceeds of the offering to the selling shareholders were approximately $230 million. The common shares are listed on the New York Stock Exchange under the symbol “OEC.”

Orion is a worldwide supplier of specialty and high-performance carbon black. Orion produces high-performance as well as standard gas blacks, furnace blacks, lamp blacks, thermal blacks and other specialty carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, tires and mechanical rubber goods such as automotive belts and hoses. 

The Davis Polk capital markets team included partner Michael Kaplan and associates Dan Gibbons and Heita Miki. The tax team included partner Kathleen L. Ferrell and associate Jonathan Atkins. Counsel David A. Zilberberg and associate Yuko Masunaga provided environmental advice. All members of the Davis Polk team are based in the New York office.