Frank­furt — Kirk­land & Ellis has advi­sed Arse­nal Capi­tal Part­ners, a private equity invest­ment firm specia­li­zing in buil­ding market-leading indus­trial growth and health­care compa­nies, on the sale of ATP adhe­sive systems AG (“ATP”) to Henkel AG & Co. KGaA (“Henkel”), a German manu­fac­tu­rer of indus­trial and consu­mer goods.

The tran­sac­tion was comple­ted on April 1, 2026.

ATP was foun­ded in 1988 and specia­li­zes in the deve­lo­p­ment and manu­fac­ture of high-perfor­mance, predo­mi­nantly solvent-free adhe­sive tapes. Head­quar­te­red in Switz­er­land with produc­tion sites in Germany, the USA and the UK, ATP serves a wide range of indus­tries and deli­vers to over 60 count­ries world­wide. The company employs around 700 people and gene­ra­ted sales of around 270 million euros in the 2025 finan­cial year. 

Arse­nal first inves­ted in ATP in 2022. During Arse­nal’s owner­ship, the company expan­ded its manu­fac­tu­ring foot­print by inves­t­ing in addi­tio­nal specialty tape capa­city at its German site, stra­te­gi­cally acqui­ring Neschen Coating GmbH in Germany and estab­li­shing a new manu­fac­tu­ring faci­lity in the US. In addi­tion, ATP expan­ded its port­fo­lio of high-perfor­mance, water-based adhe­sive tech­no­lo­gies and inves­ted in inno­va­tion and manu­fac­tu­ring capa­bi­li­ties to support its contin­ued growth trajec­tory. —- www.arsenalcapital.com. Further infor­ma­tion can be found here.

Advi­sor to Arse­nal Capi­tal Part­ners: Kirk­land & Ellis, Frankfurt

Dr. Tobias Larisch (lead), Sebas­tian Pitz (both private equity/M&A); Asso­cia­tes: Dr. Mattias Prange, Alex­an­der Herzog, Jan Ditrich, Konstan­tin Huber, Chiara Schmid (Munich), Dr. Pablo Tretow (Munich), Elisa­beth Wolf (Munich, all private equity/M&A)

Kirk­land & Ellis, USA: Brendan Head (Chicago), Jason Grover (Salt Lake City, both Private Equity/M&A); Asso­cia­tes: Jake Moel­ler (Salt Lake City, Private Equity/M&A), Marshall Ring­wood (Salt Lake City, Transactional)

About Kirk­land

With more than 4,000 lawy­ers in 23 cities in the USA, Europe, the Middle East and Asia, Kirk­land & Ellis is one of the leading law firms for high-cali­ber legal services. The German team specia­li­zes in private equity, M&A, restruc­tu­ring, corpo­rate and capi­tal markets, finan­cing and tax. For more infor­ma­tion, please visit kirkland.com.