Stake Purchase • Chemicals

SK Capital Partners Invests In Venator Materials

On August 28, 2020, private equity firm SK Capital Partners invested in chemicals company Venator Materials from Huntsman

Investment Context
  • This is SK Capital Partners’ 16th transaction in the Chemicals sector.
  • This is SK Capital Partners’ 1st transaction in the United Kingdom.
Investment Fate
  • Venator Materials went bankrupt in 2023.

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Investment Summary

Date August 28, 2020
Target Venator Materials
Sector Chemicals
Investor(s) SK Capital Partners
Sellers(s) Huntsman
Deal Type Stake Purchase

Target Company

Venator Materials

Stockton-on-Tees, United Kingdom
Venator Materials is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. Venator market products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of functional additives, color pigments, timber treatment, and water treatment businesses. Venator Materials is based in Stockton-on-Tees, United Kingdom.
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Investor Overview 1

Investor

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 4.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

SK Capital Partners is a private investor in mature and middle-market companies located throughout North America. SK Capital focuses on companies with opportunities for substantial business improvement and strong growth prospects. The Firm looks to invest $100 to $200 million of equity in transactions valued up to $500 million. Prospective businesses typically generate $50 to $500 million in revenues and at least $100 million in EBITDA. Areas of interest include specialty materials, chemicals and healthcare. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth equity financings, and corporate carve-outs. SK Capital Partners was spun out of Arsenal Capital Partners and became independent in 2007. SK Capital Partners is based in New York City.


Deal Context for Investor #
Overall 24 of 45
Sector: Chemicals 16 of 21
Type: Stake Purchase 1 of 1
Country: United Kingdom 1 of 2
Year: 2020 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-27 NuCera Solutions

Barnsdall, Oklahoma, United States

NuCera Solutions engages in the development and manufacture of highly differentiated specialty polymers for markets that require high quality and performance: Adhesives, Candles, Coatings, Imaging, Masterbatches, Personal Care, and Plastics. NuCera Solutions is based in Barnsdall, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Ipackchem

Paris, France

Ipackchem is a manufacturer of barrier packaging. Its products are mainly used in the transport and storage of aromas, fragrances, and agrochemical products, for which permeability, contamination, and evaporation constraints are critical. Ipackchem Group is based in Paris, France.

Buy -

Seller Profile 1

SELLER

Huntsman

The Woodlands, Texas, United States

Category Company
Founded 1970
Sector Chemicals
Employees6,300
Revenue 6.0B USD (2024)
DESCRIPTION
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.

Huntsman is a manufacturer of differentiated organic chemical products and inorganic chemical products. The Company's products comprise a broad range of chemicals and formulations which are marketed globally to a diversified group of consumer and industrial customers. Huntsman's products are used in a wide range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. Huntsman was founded in 1970 and is based in The Woodlands, Texas.


Deal Context for Seller #
Overall 4 of 6
Sector: Chemicals 4 of 5
Type: Stake Purchase 1 of 1
Country: United Kingdom 2 of 2
Year: 2020 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 CVC Thermoset Specialties

Moorestown, New Jersey, United States

CVC Thermoset Specialties, Inc. is a developer of specialty materials including toughening agents and resins for high-performance thermoset systems and specialty nitrile latex for niche applications. CVC Thermoset Specialties was founded in 1982 and is based in Moorestown, New Jersey.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Huntsman - DIY Consumer Adhesives Business

India

Huntsman Corp. - DIY Consumer Adhesives Business is a provider of chemical products based in India.

Sell $285M