Stake Purchase • Plastics

Northern Private Capital and SK Global Chemical Co. Invest In Loop Industries

On June 19, 2019, private equity firm Northern Private Capital and SK Global Chemical Co. invested in plastics company Loop Industries

Investment Context
  • This is Northern Private Capital’s 1st and SK Global Chemical Co.’s 1st transaction in the Plastics sector.
  • This is Northern Private Capital’s 1st and SK Global Chemical Co.’s 1st transaction in Canada.
  • This is Northern Private Capital’s 1st and SK Global Chemical Co.’s 1st transaction in Quebec.

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Investment Summary

Date June 19, 2019
Target Loop Industries
Sector Plastics
Investor(s) Northern Private Capital
SK Global Chemical Co.
Deal Type Stake Purchase

Target Company

Loop Industries

Terrebonne, Quebec, Canada
Loop Industries is a technology company that accelerates the world’s shift toward sustainable PET plastic and polyester fiber and away from dependence on fossil fuels. Loop owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition, and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified, and polymerized to create virgin-quality Loop branded PET resin and polyester fiber suitable for use in food-grade packaging, thus enabling our customers to meet their sustainability objectives. Loop Industries was formed in 2010 and is based in Terrebonne, Quebec.
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Investors Overview 2

DESCRIPTION

Northern Private Capital (NPC) is a private investment firm focused on long-term company investments in partnership with management teams. NPC is a generalist investor and prefers proven businesses with high-growth potential and proprietary technology. Northern Private Capital was formed in 2013 and is headquartered in Toronto.


Deal Context for Investor #
Overall 2 of 5
Sector: Plastics 1 of 1
Type: Stake Purchase 2 of 3
State: Quebec 1 of 1
Country: Canada 1 of 3
Year: 2019 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 ClearBank

London, United Kingdom

ClearBank is a clearing and agency banking platform serves fintech businesses and banks, and offers the UK banking industry’s first and only real-time, straight-through clearing capability. ClearBank was founded in 2015 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-26 MicroSintesis

Victoria, Prince Edward Island, Canada

MicroSintesis is a developer of a suite of natural, probiotic-based health products used in place of antibiotics and other conventional drugs for both livestock and companion animals. MicroSintesis was founded in 2011 and is based in Victoria, Prince Edward Island.

Buy -
Investor

SK Global Chemical Co.

Jongno-Gu, South Korea

Category Company
Founded 2011
Sector Chemicals
Employees1,022
Revenue 11.9B USD (2018)
DESCRIPTION

SK Global Chemical Co., Ltd. is a global chemical company, that provides various products and solutions that customers and markets want, and are growing into a technology-based global chemical company through endless R & D and global business expansion. SK Global Chemical Co., Ltd. was founded in 2011 and is based in Jongno-Gu, South Korea.


Deal Context for Investor #
Overall 1 of 2
Sector: Plastics 1 of 1
Type: Stake Purchase 1 of 1
State: Quebec 1 of 1
Country: Canada 1 of 1
Year: 2019 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 Arkema S.A. - Functional Polyolefins Business

Colombes, France

Arkema S.A.'s Functional Polyolefins Business is a provider of ethylene copolymers and terpolymers for the food packaging, cable, electronics, and coatings markets, and leverages well-known brands: Evatane®, Lotryl®, Lotader®, Orevac®.

Buy €335M

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