SK Capital acquires three businesses from Clariant

The acquisitions encompass Clariant's Textile Chemicals, Paper Specialties, and Emulsions businesses and are in line with SK Capital's strategy of acquiring niche market leaders with strong brands, technologies and underlying growth trends, according to the GP.

SK Capital will work on building the spinouts into global stand-alone companies. The selling price represented about 6.3x combined EBITDA. Clariant is planning to sell a further two non-core assets to reduce the debt on its books.

Company
The Textile Chemicals, Paper Specialties, and Emulsions businesses are global non-core divisions of Clariant with brands and technologies in dyes, pigments, emulsions and surface active chemicals used in the textile, paper, coatings, construction and adhesive industries.

Together the businesses generate revenues of approximately CHF 1.2bn, with an EBITDA of CHF 80m, operate from 25 facilities around the world and employ approximately 3,000 employees.

People
Barry Siadat and Aaron Davenport are managing directors at SK Capital. 

Advisers
Equity – Morgan Lewis & Bockius (Legal); Bär & Karrer (Legal); Jefferies & Company (Corporate finance).
Vendor – Homburger AG (Legal); Citigroup Global Markets (Corporate finance).
 

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