November 5th, 2014
The Valence Group has advised on the sale of HSC Corporation, the leading Chinese producer of electrolyte additives for lithium-ion batteries, to ChangYuan Group. The transaction values HSC Corporation at RMB 900 million (circa $145 million).
The transaction is expected to complete in December 2014, subject to customary closing conditions.
This China-to-China transaction further demonstrates the global chemicals M&A capabilities and expertise of The Valence Group.
About HSC Corporation
HSC is the pre-eminent Chinese manufacturer of electrolyte additives for lithium-ion batteries. The Company is the leading global producer of both vinylene carbonate and fluoro ethylene carbonates, which enhance the longevity, stability and output of lithium-ion batteries for electric vehicles, consumer electronics and power tools. The Company is headquartered and has its production facilities in Zhangjiagang, China.
About ChangYuan Group
ChangYuan Group is a major Chinese producer of functional materials and power grid equipment and components. The company is headquartered in Shenzhen and has facilities in Shenzhen, Shanghai, Zhuhai, Nanjing, Dongguan and Tianjin. It is listed on the Shanghai Stock Exchange.
About The Valence Group
The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking and strategic consulting within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm’s offices are located in New York and London.