Paksoy, working with Cleary Gottlieb Steen & Hamilton, has advised Solventum on the approximately USD 4 billion sale of its purification and filtration business to Thermo Fisher Scientific.
According to Paksoy, the divested business is a global provider of purification and filtration technologies used in biologics production, medical technologies, and industrial applications, with sites across the Americas, Europe, the Middle East, Africa, and Asia–Pacific.
The Paksoy team included Partner Stephanie Beghe Sonmez and Associates Meric Sacak Albac and Cansin Taner.
Paksoy did not respond to our inquiry on the matter.
Editor's Note: After this article was published, Dentons’ Turkish affiliate law firm Balcioglu Selcuk Eymirlioglu Ardiyok Keki informed CEE Legal Matters that it advised Thermo Fischer. The firm's team included Partner Selim Keki and Associate Gozde Ozturk Gulmen.
According to BASEAK, the Turkish aspect deal value stands at approximately USD 1 billion, out of the USD 4 billion global deal value.
