•              
    

    has agreed to acquire

    The Valence Group provided a fairness opinion to the Board of Directors of Quaker Chemical

    The Deal

    The Valence Group has provided a fairness opinion to the Board of Directors of Quaker Chemical
    Corporation (NYSE: KWR) in connection with its recently announced combination with Houghton
    International Inc.
    Under the terms of the agreement, Houghton International shareholders will receive a mix of cash and
    Quaker Chemical stock, and Quaker Chemical will assume Houghton International’s outstanding net
    debt.
    At the time of announcement, the aggregate transaction consideration was valued at $1.42 billion.

  •  

    has partnered with

    The Valence Group acted as financial advisor to New Mountain Capital

    The Deal

    April 4, 2017 – The Valence Group has advised New Mountain Capital Partners on its acquisition of Gelest. Financial terms of the transaction were not disclosed.

    About Gelest
    Headquartered in Morrisville, Pennsylvania, Gelest is recognized worldwide as an innovator, manufacturer and supplier of commercial and research quantities of organosilicon compounds, metal-organic compounds and silicones. Gelest serves advanced technology markets through a materials science-driven approach. The company provides focused technical development and application support for personal care, semiconductors, medical materials, pharmaceutical synthesis, diagnostics and separation science, and specialty polymeric materials.

    About New Mountain Capital
    New Mountain Capital is a New York based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with approximately $15 billion in aggregate capital commitments.

  •   is acquiring Silica Business of

    The Valence Group acted as financial advisor to Evonik

    The Deal

    The Valence Group has advised Evonik on its acquisition of the silica business of J.M. Huber for $630 million.
    Huber Silica is a world class, global precipitated silica business, focused primarily on dental and life science applications, with revenue of close to $300 million and an EBITDA of $60 million in 2016.
    The business is highly complementary to Evonik’s silica business in predominantly tires, coatings and industrial applications, and Evonik expects to generate sustainable EBITDA synergies of $20 million by 2021.
    Additionally, the transaction is structured to yield $80 milion in net present value tax benefits to Evonik.
    The acquisition, announced on Dec 9, 2016, is scheduled to be completed in the second half of 2017, subject to approval by the responsible authorities.
    The Valence Group also acted as financial advisor to Evonik on its $3.8 billion acquisition of Air Products' Performance Materials business.

  •            
    

    has acquired the Performance Materials Business of

    The Valence Group acted as
    financial advisor to Evonik

    The Deal

    The Valence Group has advised Evonik Industries AG on its announced acquisition of the Performance Materials business of Air Products & Chemicals, Inc. for an enterprise value of $3.8bn.

    The Performance Materials business, part of Air Products’ Materials Technologies division, is a global leader in specialty and coatings additives, such as epoxy curing agents, amine-based polyurethane additives and specialty wetting agents. The combination strengthens and complements Evonik’s product portfolio in terms of end markets, technologies and geographic footprint, and is expected to generate synergies of at least $80m per annum, with incremental tax benefits worth in excess of $500m.

    Air Products Performance Materials generated revenue of $1.08bn in 2015 with a corresponding EBITDA of $242m, representing a margin of over 22%. Headquartered in Allentown, PA, the business employs 1,100 globally (of which >20% in R&D), with 50% of its sales in the Americas, 26% in Asia and 24% in Europe, supported by a worldwide network of 11 manufacturing plants and 8 R&D centers. By focusing on high end niche applications, customer specific solutions and truly innovative products, the business has maintained consistently high margins with low capital intensity and strong cash generation.

  • has acquired

    a portfolio company of

    The Valence Group acted as financial advisor to Eurazeo

    The Deal

    The Valence Group has advised Eurazeo on its acquisition of Novacap, a global participant in the pharmaceutical and chemicals industry, for an enterprise value of €654m ($746m[1]), plus up to a €30m ($34m1) earn-out. Following the acquisition, Eurazeo will become the majority shareholder of Novacap with 67% of the equity capital, alongside Mérieux Développement (9%), Ardian (18%) and management (6%).

  • has acquired

    The Valence Group acted as financial advisor to Arsenal

    The Deal

  • has acquired

    from

    The Valence Group acted as financial advisor to Permira

    The Deal

    The Valence Group has acted as M&A advisor for a company backed by the Permira funds on its acquisition of CABB Group from private equity firm Bridgepoint.

    CABB is a vertically integrated global supplier of fine and specialty chemicals, and custom manufacturing solutions. The company is one of the leading suppliers of custom synthesized active ingredients and intermediates for the agrochemical and other end markets, and is the leading supplier of monochloroacetic acid (“MCA”), a chemical intermediate used in a variety of applications including agrochemicals, pharmaceuticals, cosmetics, flavors, fragrances, vitamins and surfactants. Headquartered in Sulzbach, near Frankfurt, Germany, CABB employs around 1,000 people, operates six production sites in Germany, Switzerland, Finland, India and China, and generates revenues of approximately €450 million (~$620 million).

  • a portfolio company of

    has acquired

    from

    The Valence Group acted as financial advisor to Royal

    The Deal

    The Valence Group has acted as M&A advisor to Arsenal Capital on its purchase of ADCO Global from Aurora Group and its merger with portfolio company Royal Adhesives and Sealants. Terms of the transaction were not disclosed.

    The combination of Royal and ADCO will create a top ten global supplier of adhesives and sealants with sales approaching $600 million annually.

    Headquartered in Lincolnshire, IL, ADCO Global is a supplier of specialty adhesives, sealants, tapes and coatings serving the construction, transportation, and industrial markets throughout the world. ADCO develops specialized solutions for insulating glass window, roofing, solar panel, wind, bus/trailer/RV, automotive, marine, civil engineering, telecommunications, security glass and general construction applications.

  • A portfolio company of

    has acquired

    from

    The Valence Group acted as financial advisor to Arsenal

    The Deal

    Dash Multi-Corp. (Dash), acquired Pathway Polymers, a leading supplier of polyurethane tire fill material and equipment, from the Vita Group. Dash is a platform portfolio company of Arsenal Capital Partners (Arsenal) which focuses on the specialty technologies of polyurethane systems, vinyl plastisols and recycled rubber products.

  •                     
    

    has acquired

    from

    The Valence Group acted as advisor to Golden Gate

    The Deal

    The Valence Group has acted as M&A adviser to Golden Gate Capital on its acquisition of ArrMaz Custom Chemicals (“ArrMaz”) from private equity firm Snow Phipps. Terms of the transaction were not disclosed.

    This represents the 11th M&A transaction in 2012 on which The Valence Group has advised, representing an aggregate value of $7.4 billion.

    ArrMaz is the leading producer of functional additives and process aids to the fertilizer and asphalt industries, and is a significant provider of chemical products to the related minerals mining industries. ArrMaz is headquartered in Mulberry, Florida and distributes its products in over 70 countries, with production facilities in key locations worldwide.

  • has acquired ChemSolutions from

    The Valence Group acted as financial advisor to Niacet

    The Deal

    The Valence Group have advised Niacet Corporation on the acquisition of Kemira Oyj’s food and pharmaceutical businesses, which, together with its acetate-based chemicals business, form part of Kemira's ChemSolutions business segment. All shares of Kemira ChemSolutions BV, including the manufacturing site in Tiel, the Netherlands, will be transferred from Kemira to Niacet. Other businesses within ChemSolutions, including the chemical, feed and de-icing businesses linked to Kemira's formic acid production in Oulu, Finland, will remain with Kemira.

  • has acquired

    from

    The Valence Group acted as advisor to Kennametal

    The Deal

    The Valence Group advised Kennametal (NYSE: KMT) on its proposed acquisition of Deloro Stellite Group from Duke Street Capital for approximately Euro 277 million.

    Deloro Stellite is a global manufacturer and provider of alloy-based critical wear solutions for extreme environments involving high temperature, corrosion and abrasion. Headquartered in the U.K., the company employs nearly 1,300 people across seven primary facilities globally, including locations in the U.S., Canada, Germany, Italy, India and China. Through proprietary metal alloys and materials expertise, as well as specialized engineering design and fabrication capabilities, Deloro Stellite delivers value-added tailored wear solutions for customers in Kennametals current end markets of oil/gas, power generation, transportation and aerospace.

    "We were very pleased to have been associated with a premier materials company such as Kennametal and advising them on this highly strategic acquisition. said Kirk McIntosh, a co-founder and partner at Valence.

  • has acquired

    from

    The Valence Group acted as financial advisor to PolyOne

    The Deal

    PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, announced an agreement to acquire ColorMatrix Group, Inc., a leading global innovator in liquid colorants, additives and fluoropolymers, for $486 million, including transaction tax benefits of $10 million.

    The Valence Group acted as M&A advisor to PolyOne on this transaction.

    ColorMatrix is a leading manufacturer of performance-enhancing specialty additives, liquid colorant and dosing technologies that serve diverse niche markets, such as rigid beverage and food packaging, performance molding and fiber. Further, ColorMatrix is a leading global provider of colorant for fluoropolymers, as well as custom color dispersions used in silicone processing. The acquisition will accelerate PolyOnes specialization and globalization strategy.

    Telly Zachariades, Partner at The Valence Group, commented: We are delighted to have advised PolyOne on this transformational agreement, a further demonstration of our long-standing commitment to the company with whom we have acted as advisor on multiple transactions.

  • has acquired

    from

    The Valence Group acted as advisor to CABB

    The Deal

    CABB, a global fine and specialty chemicals company, and a portfolio company of Bridgepoint Capital Group, has acquired KemFine Group from 3i Private Equity. Terms were not disclosed.

    KemFine Group focuses on the custom manufacturing of fine chemicals for the global agro and pharma industries. It is headquartered in Helsinki and operates a production facility in Kokkola, Finland. CABB is one of the world leading suppliers of chemical building blocks based on chlorine and acetic acid and is the world market leader in monochloroacetic acid (MCAA), an essential component used in a wide range of applications ranging from herbicides and personal care to the food industry. It is also a leading custom manufacturer for global agrochemical, food, pharma and chemical companies.

    CABB chief executive Dr. Martin Wienkenhver said: CABB will further strengthen its resilient position in many of its markets through this acquisition. We are very happy to have found with KemFine Group the right partner for the acceleration and further manifestation of our growth strategy.

    Uwe Kolb, partner responsible for Bridgepoint investment activities in the German speaking countries, added: KemFine is a good fit with our recent acquisition of CABB and we are very pleased to be able to help the combined CABB and KemFine management teams to achieve their joint targets.

    Ariel Levin, Partner at The Valence Group noted: This is our sixth transaction of 2011 and proves the extent to which our sector focus and expertise is valued in the chemicals M&A arena. Bridgepoint has skilfully managed to complete a complex back to back deal; our familiarity with the industry and business, including detailed product knowledge, was fundamental to their success. We look forward to continuing to deliver to our clients an unparalleled combination of skill sets and experience as they implement their M&A strategies.

    Anton Ticktin, Director at The Valence Group said: This transaction demonstrated both our depth of understanding of the KemFine business and also our breadth of experience across fine chemicals, custom manufacturing and agrochemicals. KemFine is an outstanding company with more than 10 years of solid growth and, by combining CABB and KemFine, Bridgepoint will create a business with highly complementary customers, chemistries and technologies with the prospect of becoming an undisputed leader in its field. This acquisition demonstrates that The Valence Group sector experience extends across the entire chemicals chain and we are also especially proud to have contributed significant commercial and financial advisory support for the transaction.

  • has acquired

    from

    The Valence Group acted as financial advisor to Castle

    The Deal

    Castle Harlan, Inc., the New York private equity investment firm, an affiliate of Castle Harlan Partners V, completed the acquisition of IDQ Holdings, Inc., the industry leader in Do-it-Yourself ("DIY"), branded automotive aftermarket products for servicing and repairing automotive air conditioners. The total transaction is valued at approximately $160 million before working capital adjustments.

    The Valence Group acted as financial advisor to Castle Harlan in this transaction.

  • has acquired

    from

    The Valence Group acted as financial advisor to Eastman

    The Deal

    Eastman Chemical Company (NYSE: EMN) acquired Genovique Specialties Corporation, a leading global producer of specialty plasticizers, benzoic acid, and sodium benzoate. The acquisition establishes Eastman as a global leader in non-phthalate plasticizers for both general purpose and specialty markets. Terms of the transaction were not disclosed.

    The Valence Group acted as exclusive financial advisor to Eastman on this transaction.

  • has acquired the intergrated Nylon business of

    The Valence Group acted as financial advisor to SK Capital

    The Deal

    SK Capital Partners, a transformational private investment firm, announced it has completed its acquisition of Solutia Inc.’s (NYSE: SOA) integrated nylon business.

    SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and healthcare sectors

Deals

Quaker Chemical
New Mountain Capital has partnered with Gelest
Evonik acquires Silica business of Huber
Evonik acquiring AirProducts Performance Materials business
Eurazeo acquires Novacap
Arsenal Capital acquires Pacific Urethanes
Permira acquires CABB from Bridgepoint
Royal acquires Adco from Aurora
Dash Multi-Corp acquire Pathway Polymers from Vita
Golden Gate Capital acquires ArrMaz
Niacet acquires ChemSolutions business from Kemira
Kennametal acquires Deloro from Duke Street
PolyOne acquires ColorMatrix
CABB acquires Kemfine
Castle Harlan acquires IDQ
Eastman acquires Genovique
SK acquires integrated Nylon business of Solutia

All Deals - Buy-Side