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  6. SK Capital Partners Acquires Niacet

M&A Deal Summary

SK Capital Partners Acquires Niacet

On February 2, 2017, private equity firm SK Capital Partners acquired chemicals company Niacet from AEA Investors

Acquisition Highlights
  • This is SK Capital Partners’ 8th transaction in the Chemicals sector.
  • This is SK Capital Partners’ 9th transaction in the United States.
  • This is SK Capital Partners’ 1st transaction in New York.
Investment Fate
  • Niacet was sold to a publicly-traded strategic buyer in 2021 for 1.0B USD.

M&A Deal Summary
Date 2017-02-02
Target Niacet
Sector Chemicals
Buyer(s) SK Capital Partners
Sellers(s) AEA Investors
Deal Type Recapitalization
Advisor(s) The Valence Group (Financial)

Target

Niacet

Niagara Falls, New York, United States
Niacet is a producer of specialty ingredients for food, feed, and pharmaceutical applications and the global leader in propionates and acetates. The Company’s propionates function as preservatives in baked goods and animal feed, while its acetates serve a wide variety of food and pharmaceutical applications. Niacet was established in 1978 and is based in Niagara Falls, New York.

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Buyer(S) 1

Buyer

SK Capital Partners

New York, New York, United States

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 14 of 43
Sector (Chemicals) 8 of 21
Type (Recapitalization) 2 of 3
State (New York) 1 of 2
Country (United States) 9 of 28
Year (2017) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Calabrian

Port Neches, Texas, United States

Calabrian Corp. is a provider of sulfur dioxide and related derivatives used in wastewater treatment and other applications. The Company manufactures sulfur dioxide and downstream derivatives such as sodium sulfite, sodium bisulfite, sodium metabisulfite and sodium thiosulfate in its integrated manufacturing facility in Port Neches, TX. Its products are used in a broad range of industrial and municipal wastewater treatment applications to achieve compliance with federal and local water regulations, as well as other specialty applications in mining, personal care, pulp and paper processing, food preservation, oilfield production and disinfection.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Foremark Performance Chemicals

League City, Texas, United States

Foremark Performance Chemicals is a manufacturer and commercializes formaldehyde, urea-formaldehyde concentrate, and MEA Triazine. Foremark Performance Chemicals was founded in 1975 and is based in League City, Texas.

Buy -

Seller(S) 1

SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.

DEAL STATS #
Overall 45 of 79
Sector (Chemicals) 6 of 6
Type (Recapitalization) 2 of 3
State (New York) 3 of 3
Country (United States) 42 of 71
Year (2017) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 PST

Ely, United Kingdom

PST is a provider of measurement instrumentation and monitoring solutions for process-critical applications worldwide. With 12 leading brands, PST offers a comprehensive suite of proprietary sensors, instruments, analyzers, and monitoring solutions with sensing capabilities across parameters, including moisture, gas, level, and flow. PST was founded in 1964 and is based in Ely, Cambridgeshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Evans

Schuylkill Haven, Pennsylvania, United States

Evans is a provider of intermodal and other trucking services through a non-asset-based agency model. Through its agent network, Evans offers services through a fleet of over 3,000 tractors and over 180 terminals throughout the country. Evans has a long and successful track record of supporting and growing its agent network and servicing agents, independent contractors, and shippers with a comprehensive and highly value-additive offering. Evans was founded in 1939 and is based in Schuylkill Haven, Pennsylvania.

Sell -
Mergr

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