SCIL is a leading pigment solutions provider with a strong global outreach of 85+ countries in the production of high-performance colorants. The Heubach Group has a 200-year history and became the second largest pigment player in the world following the integration of Clariant's pigment business in 2022. The transaction is subject to the fulfilment of customary closing conditions, including approvals from regulators and SCIL shareholders.

Bär & Karrer acts as Swiss counsel to SCIL. The team was co-led by Philippe Seiler (M&A) and Susanne Schreiber (Tax) and further included Ronny Schmid and Kai Bajka (both M&A), as well as Fabian Capt and Donjeta Beka (both Tax).