White & Case advises Altor’s Permascand on merger with Magneto Special Anodes

Global law firm White & Case LLP has advised Altor's portfolio company Permascand on its merger with Magneto Special Anodes to form a global company in catalytic coatings and electrodes.

Altor is a private equity firm which has raised more than €11 billion through its funds and invested in nearly 100 medium-sized Nordic and DACH companies.

Permascand is a technology-driven manufacturer of electrochemical solutions, based on proprietary catalytic coatings, for clean tech applications. The company has a production facility in Sweden and approximately 110 employees.

Magneto Special Anodes, formerly a brand of global water solutions company Xylem Inc., has production facilities in the Netherlands and China, with approximately 190 employees. The company designs, produces and supplies titanium-based anodes with precious metal coatings.

The White & Case team which advised on the transaction was led by partner Johan Steen (Stockholm) and included partners Ross Sturman (New York), Sara Nordin (Brussels, Stockholm), Paul Tang (Hong Kong), Orion Berg (Paris), associates Andreas Lexhag, Isak Bruncevic, Richard Martin (all Stockholm), Zachary Smith (Chicago), Jingbo Hou (Hong Kong) and Kai Glick (New York) and law clerk Joshua Butler (New York).

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