M&A Deal Summary

SK Capital Partners and Heubach Acquire Clariant Pigments

On June 14, 2021, private equity firm SK Capital Partners and Heubach acquired chemicals company Clariant Pigments from Clariant AG for 805M CHF

Acquisition Highlights
  • This is SK Capital Partners’ 19th and Heubach’s 1st transaction in the Chemicals sector.
  • This is SK Capital Partners’ 3rd and Heubach’s largest (disclosed) transaction.
  • This is SK Capital Partners’ 3rd and Heubach’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2021-06-14
Target Clariant Pigments
Sector Chemicals
Buyer(s) SK Capital Partners
Heubach
Sellers(s) Clariant AG
Deal Type Divestiture
Deal Value 805M CHF

Target

Clariant Pigments

Muttenz, Switzerland
Clariant Pigments is a global provider of organic pigments, pigment preparations, and dyes, operating 13 global production sites.

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Buyer(S) 2

Buyer

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 STATS #
Overall 31 of 40
Sector (Chemicals) 19 of 21
Type (Divestiture) 13 of 16
Country (Switzerland) 3 of 3
Year (2021) 6 of 7
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Canlak

Daveluyville, Quebec, Canada

Canlak is a manufacturer of specialty chemicals. Canlak was founded in 1981 and is based in Daveluyville, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Perimeter Solutions

Clayton, Missouri, United States

Perimeter Solutions is a manufacturer of firefighting chemicals and lubricant additives. The Fire Safety business includes formulation and manufacturing of fire management products along with services and pre-treatment solutions for managing wildland, military, industrial and municipal fires. Perimeter Solutions was established in 2018 and is based in Clayton, Missouri.

Sell $2.0B
Buyer

Heubach

Langelsheim, Germany

Category Company
Sector Chemicals
DESCRIPTION

Heubach is a global producer of organic, inorganic, and non-toxic anti-corrosive pigments, operating four global production locations and employing approximately 1,000 people. Over the years, Heubach has developed a leading technology position, which has been built both internally and from the successful take-overs of pigment activities from Bayer, DuPont, and ICI. Heubach operates its global business according to “Best-in-Class” German standards with a focus on EHS excellence, quality leadership, product stewardship, and innovation. Heubach is headquartered in Langelsheim, Germany, and has sites in Germany, the US, and India with sales offices around the world.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (Switzerland) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Clariant AG

Muttenz, Switzerland

Category Company
Founded 1995
Sector Chemicals
DESCRIPTION

Clariant AG is a specialty chemicals company. Clariant offers chemicals such as adsorbents, biocides, industrial ingredients, and detergents, as well as chemicals and dyes for textiles, leather, and paper. Clariant also manufacturers de-icing agents and fire retardants.


DEAL STATS #
Overall 13 of 14
Sector (Chemicals) 9 of 10
Type (Divestiture) 13 of 14
Country (Switzerland) 6 of 7
Year (2021) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-15 Clariant AG - Surfactant Business and Sulfate Production Equipment

Santa Clara, Mexico

Clariant AG - Surfactant Business and Sulfate Production Equipment is a provider of chemical products used in household, industrial, and personal care.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-28 BASF - Attapulgite Business

United States

BASF's Attapulgite Business is an attapulgite miners and producers in North America, with mining operations in Georgia and Florida and processing operations in Quincy, Florida. The business produces attapulgite-based products for a wide range of applications and end markets.

Buy $60M