Willkie Farr & Gallagher LLP
07/08/2026 | News release | Distributed by Public on 07/08/2026 13:04
Willkie Advises Goldman Sachs in Financing of Solstice Advanced Materials’ $14.5 Billion Acquisition of Element Solutions
Willkie Advises Goldman Sachs in Financing of Solstice Advanced Materials' $14.5 Billion Acquisition of Element Solutions
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July 8, 2026
Willkie is advising Goldman Sachs (NYSE: GS) as a committed financing source in connection with the acquisition of Element Solutions (NYSE: ESI) by Solstice Advanced Materials (Nasdaq: SOLS) valued at approximately $14.5 billion.
On July 6, Solstice, a global specialty materials company, and Element, a global specialty chemicals technology company, announced that they entered into a definitive agreement for Solstice to acquire Element in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt. The transaction is expected to close in the first half of 2027, subject to customary closing conditions.
Solstice has secured fully committed financing for the transaction in the form of an initial $4.7 billion bridge commitment from Goldman Sachs, which Solstice plans to replace with permanent debt financing, in addition to cash from its balance sheet, to fund the cash consideration payable at closing of the transaction.
The Willkie team is led by partners Viktor Okasmaa, Joshua Deason, Jonathan Zane, and John Ablan and includes partners Russell Leaf, Jared Fertman, Cristopher Greer, and Eddie Best.
On July 6, Solstice, a global specialty materials company, and Element, a global specialty chemicals technology company, announced that they entered into a definitive agreement for Solstice to acquire Element in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt. The transaction is expected to close in the first half of 2027, subject to customary closing conditions.
Solstice has secured fully committed financing for the transaction in the form of an initial $4.7 billion bridge commitment from Goldman Sachs, which Solstice plans to replace with permanent debt financing, in addition to cash from its balance sheet, to fund the cash consideration payable at closing of the transaction.
The Willkie team is led by partners Viktor Okasmaa, Joshua Deason, Jonathan Zane, and John Ablan and includes partners Russell Leaf, Jared Fertman, Cristopher Greer, and Eddie Best.
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