Investment Summary

SJL Partners and Ingevity Invest In Nexeon

On January 27, 2022, private equity firm SJL Partners and Ingevity invested in semiconductors company Nexeon

Investment Highlights
  • This is SJL Partners’ 1st and Ingevity’s 1st transaction in the Semiconductors sector.
  • This is SJL Partners’ 1st and Ingevity’s 1st transaction in the United Kingdom.

Investment Summary

Date 2022-01-27
Target Nexeon
Sector Semiconductors
Investor(s) SJL Partners
Ingevity
Deal Type Growth Capital

Target

Nexeon

Oxfordshire, United Kingdom
Nexeon is a battery materials company developing and producing silicon materials for the next generation of lithium-ion rechargeable batteries. Nexeon’s materials have a transformational impact on battery performance in terms of energy density, rate of charge and cost of production on a $ per kWh basis. Nexeon is based in Oxfordshire, England.

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Investor(S) 2

DESCRIPTION

SJL Partners is a private equity firm that looks for long-term investment opportunities in South Korea. The Firm looks to partner with management and generally targets businesses exhibiting sustainable growth opportunities. SJL Partners was formed in 2017 and is headquartered in Seoul.


DEAL STATS #
Overall 3 of 4
Sector: Semiconductors M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Momentive Technologies

Strongsville, Ohio, United States

Momentive Technologies is an advanced material company engaged in the design and manufacture of ultra-high-performance Quartz and Ceramic products. The materials technologies enable high-quality processing and production in a wide range of applications in the semiconductor, photovoltaic, lighting, aerospace, water purification, pharmaceutical, consumer electronic, and telecommunication industries. Momentive Technologies was founded in 2020 and is based in Strongsville, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Meridian Bioscience

Cincinnati, Ohio, United States

Meridian is a life science company that develops, manufactures, markets and distributes a broad range of innovative diagnostic test kits, purified reagents and related products and offers biopharmaceutical enabling technologies. Meridian was founded in 1976 and is based in Cincinnati, Ohio.

Buy $1.5B
Investor

Ingevity

North Charleston, South Carolina, United States

Category Company
Founded 1964
Sector Chemicals
Employees1,600
Revenue 1.4B USD (2024)
DESCRIPTION

Ingevity is a provider of specialty chemicals and high-performance carbon materials and technologies that help customers solve complex problems. Ingevity was founded in 1964 and is based in North Charleston, South Carolina.


DEAL STATS #
Overall 4 of 5
Sector: Semiconductors M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 Adsorbed Natural Gas Products

Charleston, South Carolina, United States

Adsorbed Natural Gas Products, Inc. is a provider of low-pressure, bi-fuel solution for light-duty vehicles like pickup trucks, SUVs, and service vans. Adsorbed Natural Gas Products is based in Charleston, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Ozark Materials

Greenville, Alabama, United States

Ozark Materials is a producer of pavement marking materials, including thermoplastic pavement markings, waterborne traffic paints and preformed thermoplastics. The company supplies specialty materials for roadway applications throughout the United States and Canada, for a customer base that includes state departments of transportation, civil and highway contractors, cities, universities and airports. Ozark Logistics is a logistics provider operating a dedicated fleet of vehicles located in five states across the United States to serve customers with best-in-class shipping times. Ozark Materials was founded in 2011 and is based in Greenville, Alabama.

Buy $325M