M&A Deal Summary

SK Capital Partners Acquires Valtris Specialty Chemicals

On May 12, 2022, private equity firm SK Capital Partners acquired chemicals company Valtris Specialty Chemicals from H.I.G. Private Equity

Acquisition Highlights
  • This is SK Capital Partners’ 21st transaction in the Chemicals sector.
  • This is SK Capital Partners’ 23rd transaction in the United States.
  • This is SK Capital Partners’ 2nd transaction in Ohio.

M&A Deal Summary
Date 2022-05-12
Target Valtris Specialty Chemicals
Sector Chemicals
Buyer(s) SK Capital Partners
Sellers(s) H.I.G. Private Equity
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co. (Financial)
McDermott Will & Emery (Legal)

Target

Valtris Specialty Chemicals

Independence, Ohio, United States
Valtris Specialty Chemicals is a manufacturer of specialty chemicals primarily used as additives in the production and processing of plastics. These chemicals impart critical attributes to plastics including resiliency, flame retardancy, and ease of processing. Valtris Specialty Chemicals was founded in 2014 and is based in Independence, Ohio.

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Buyer(S) 1

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 34 of 40
Sector (Chemicals) 21 of 21
Type (Secondary Buyout) 7 of 9
State (Ohio) 2 of 3
Country (United States) 23 of 27
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Florachem

Jacksonville, Florida, United States

Florachem is a distributor of specialty aroma chemicals and essential oils to the fragrance, flavor, consumer, and industrial products industries. Florachem was founded in 1988 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 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.

Sell $250M

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 144 of 175
Sector (Chemicals) 5 of 10
Type (Secondary Buyout) 56 of 71
State (Ohio) 5 of 5
Country (United States) 104 of 120
Year (2022) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Siat

Turate, Italy

Siat is a manufacturing company producing machines for packaging industry. With production site located in North of Italy it manufactures taping equipment (automatic and semiautomatic), stretch wrappers, strapping machines, flexographic machines and tape dispensers. Siat was founded in 1972 and is based in Turate, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-26 Terra Millennium

Salt Lake City, Utah, United States

Terra Millennium is an Industrial Services business whose subsidiaries perform services from twenty-three locations in the United States and Canada. TMC services the power generation, refining, petrochemical, mining, solar, mineral processing, and steel industries nationwide. Terra Millennium was founded in 1987 and is based in Salt Lake City, Utah.

Buy -
Mergr

Product

Company

Legal