January 2014 – Valence Newsletter

2014 chemicals M&A surged in both volume and value terms reaching a 7-year high Average transaction and trading multiples now both at c. 10 x EBITDA Chemical companies’ increasing profitability...

Chemical company EBITDA trading multiples indicate high-end specialty chemicals now most fairly valued area M&A advisory boutiques continue to gain ground on the majors and recent court rulings regarding conflicts...

 Larger step-out M&A deals most admired by chemicals industry senior executives and advisors Chemicals M&A volumes continuing the upward trend at the end of 2013 with more larger transactions being...

 Consolidation has precipitated a sharp decline in number of $1bn+ independent specialty chemical companies Buoyed by M&A and resilient profitability, specialty chemical trading multiples continue to outperform and are now...