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  6. SK Capital Partners Acquires NuCera Solutions

M&A Deal Summary

SK Capital Partners Acquires NuCera Solutions

On July 27, 2020, private equity firm SK Capital Partners acquired chemicals company NuCera Solutions from Baker Hughes

Acquisition Highlights
  • This is SK Capital Partners’ 15th transaction in the Chemicals sector.
  • This is SK Capital Partners’ 16th transaction in the United States.
  • This is SK Capital Partners’ 1st transaction in Oklahoma.
Investment Fate
  • NuCera Solutions was sold to a publicly-traded strategic buyer in 2022 for 250M USD.

M&A Deal Summary
Date 2020-07-27
Target NuCera Solutions
Sector Chemicals
Buyer(s) SK Capital Partners
Sellers(s) Baker Hughes
Deal Type Divestiture

Target

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.

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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 23 of 43
Sector: Chemicals M&A 15 of 21
Type: Divestiture M&A Deals 11 of 16
State: Oklahoma M&A 1 of 1
Country: United States M&A 16 of 28
Year: 2020 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-21 Techmer PM

Clinton, Tennessee, United States

Techmer PM is a materials design company that specializes in modifying and fine-tuning the properties of technical polymers. The company thrives on partnering and collaborating with plastics processors, fabricators, designers, specifiers, and brand owners. It operates seven North American plants and has extensive expertise in virtually every plastic- and fiber-related process, from additive manufacturing and blown film to nonwovens, injection molding, and sheet extrusion. Techmer PM was founded in 1981 and is based in Clinton, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-28 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.

Buy -

Seller(S) 1

SELLER

Baker Hughes

Houston, Texas, United States
Category Company
Sector Energy Services and Equipment
Employees57,000
Revenue 27.8B USD (2024)
DESCRIPTION

Baker Hughes is a provider of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company operates in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. Baker Hughes is headquartered in Houston, Texas.

DEAL STATS #
Overall 9 of 10
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 9 of 10
State: Oklahoma M&A 2 of 2
Country: United States M&A 8 of 9
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Lufkin

Missouri City, Texas, United States

Lufkin is a global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world. Lufkin was founded in 1902 and is based in Missouri City, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 Baker Hughes - Surface Pressure Control Flow Business Unit

Houston, Tennessee, United States

Baker Hughe's Surface Pressure Control Flow Business Unit is focused on providing pressure control products and services primarily in the U.S., with operations also in Australia, Papua New Guinea, and Trinidad & Tobago.

Sell -
Mergr

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