
Temasek backs Danish chemicals specialist Haldor Topsoe
Singapore-headquartered private equity firm Temasek has acquired a 30% stake in Denmark-based chemicals specialist Haldor Topsoe from the Topsøe family, who will retain the majority holding.
With the GP's support, the company plans to boost its growth both organically and through new acquisitions, as well as bolster its international expansion, especially in Asia and in several emerging markets.
Company
Haldor Topsoe is a speciality chemicals company operating in the production of catalysts for chemical processes, including ammonia synthesis, gas purification and silicon carbide filtration. It also manufactures equipment used in several chemical sectors and processes, such as the production of polymers and plastics, coke and coal, energy, hydrogen and methanol.
The business also provides proprietary technologies, process design and engineering for the chemicals and oil & gas industries. Additionally, it develops sustainable technologies to help companies reduce pollution and comply with environmental regulations. Employing 2,200 staff, Haldor Topsoe generated revenues of $760m in 2017.
People
Haldor Topsoe – Bjerne S Clausen (CEO); Jakob Haldor Topsøe (chair).
Advisers
Equity – Nomura (corporate finance); Plesner (legal).
Company – SEB - Skandinaviska Enskilda Banken (corporate finance); Citigroup (corporate finance); Kromann Reumert (legal).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater