Debevoise & Plimpton LLP has advised Zhongzhi Enterprise Group (“ZEG”) in the sale of a controlling stake in Aqseptence Group (“Aqseptence”) to funds managed by Oaktree Capital Management.

Aqseptence is an international equipment and solutions provider focused on water treatment and liquid/solid separation.

For full details of the transaction, see the official release here.

The Debevoise team advising ZEG on the transaction was led by partner Raman Bet-Mansour and international counsel Philipp von Holst, and included partner Mark Johnson and international counsel Cameron Sim, and associates Christina Heil and Oliver Krauß. Antitrust advice was provided by international counsel Sergej Bräuer.