This content is from: Innovation

One Equity Sells Sued-Chemie For €2B

JPMorgan Chase’s private equity arm, One Equity Partners, will sell specialty chemicals company, Sued-Chemie.

JPMorgan Chase’s private equity arm, One Equity Partners, will sell specialty chemicals company, Sued-Chemie, The Wall Street Journal reports. The company will be sold to the Swiss maker of plastic additives, Clariant, for about €2 billion in cash and stock.

Clariant will fund the acquisition by issuing new shares worth €307 million for €121 a share and the remaining amount will be financed through debt, cash and swapped stock. Clariant will acquire a 50.4% stake from One Equity Partners and shares from family investors to take its total stake in Sued-Chemie to above 95%, adds Bloomberg.

Click here for the story from The Wall Street Journal.

Click here for the additional coverage from Bloomberg.

Related Content