Private equity major HIG Capital has agreed to sell Valtris Specialty Chemicals to SK Capital Partners.
HIG carved out Valtris from Ferro Corp in 2014, before expanding the specialty polymer additives and chemicals business through the acquisition of Akcros Chemicals in the US and UK in 2016 and multiple INEOS Enterprises business units in France, Belgium and the Netherlands in 2018.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
The company’s products impart critical performance characteristics, including flexibility, stability processability, and flame retardance, to plastics and other materials.
Lazard Middle Market was lead financial advisor to HIG, and McDermott Will & Emery served as legal advisor to HIG and Valtris Specialty Chemicals in connection with the transaction. The deal is expected to close in Q3 2022.
Source: Altassets
Can’t stop reading? Read more
Quadrivio Group acquires majority stake in Les Secrets de Loly through Made in Italy Fund II
Quadrivio Group acquires majority stake in Les Secrets de Loly through Made in Italy Fund II...
Warburg Pincus explores sale or partnership for Southeast Asian insurer Oona
Warburg Pincus explores sale or partnership for Southeast Asian insurer Oona Warburg Pincus is...
I Squared Capital nears $10bn for flagship infrastructure fund amid sector boom
I Squared Capital nears $10bn for flagship infrastructure fund amid sector boom I Squared Capital...