Fenzi Holdings SPV S.p.A agreed to acquire Advanced Glass Technologies Business of Johnson Matthey Plc from Johnson Matthey Plc (LSE:JMAT) for approximately £180 million on November 24, 2021. The transaction is subject to works council consultation in the Netherlands and the satisfaction of customary completion conditions. The transaction is expected to complete in Spring 2022. Luci Ingram, David Martin, Paul Mudie, Duncan Blaikie, Gareth Miles, Phil Linnard, Jane Edwarde, Samantha Brady, Claire Jeffs and Samay Shah of Slaughter and May acted as legal advisor to Johnson Matthey Plc. Klaas de Vries, Barbara Kloppert, Mark Rebergen, Henk van Ravenhorst, Etiënne Dijkhorst, Arjan Kleinhout, Bernard Spoor and Casper Nagtegaal of De Brauw Blackstone Westbroek N.V. acted as legal advisor to Johnson Matthey Plc in the transaction. Francesco Squerzoni, Lee Federman, Marco Lombardi and Liam Bonamy of Jones Day (Italy) acted as legal advisor to Fenzi Holdings SPV S.p.A. and Arsenal Capital Partners. Ernst & Young LLP acted as due diligence provider to Johnson Matthey Plc (LSE:JMAT).

Fenzi Holdings SPV S.p.A acquired Advanced Glass Technologies Business from Johnson Matthey Plc (LSE:JMAT) on February 1, 2022. The transaction completes following the fulfilment of the works council consultation in the Netherlands and satisfaction of customary completion conditions.