-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
- Cosmetic Ingredient
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Sinochem News Networkreported on July 6, BASF and private equity firm Clayton, Dubilier & Rice announced the sale of Solenis to private equity firm Platinum Equity
.
.
BASF said that Solenis’ corporate value is US$5.
25 billion (approximately RMB 34 billion), including approximately US$2.
5 billion in net debt, which may be adjusted at the end of the transaction
.
The transaction is expected to be completed before the end of 2021, subject to the approval of the relevant authorities
At present, the fund managed by Keduri Company and the Solenis management team jointly hold 51% of Solenis' shares, and BASF holds the remaining 49% of the shares
.
BASF and Keduri said that they will completely withdraw their investment in Solenis
Platinum Capital stated that as part of the acquisition, Solenis will merge with Platinum Capital’s existing portfolio company Sigura Water, which was acquired in 2019
.
Platinum Capital said it expects to generate approximately US$3.
In July 2014, Keduri acquired a majority stake in Ashland's former water treatment business Solenis; in 2019, BASF's wet-end paper chemicals and water treatment chemicals business merged with Solenis
Solenis is a global specialty chemicals company focusing on papermaking and industrial water treatment technologies.