The Heubach Group ("Heubach", the "Company"), a leading global producer of pigments and SK Capital Partners ("SK Capital"), a private investment firm focused on the specialty materials, chemicals and
Heubach Group will provide comprehensive color solutions, including a broad portfolio of organic, inorganic and anti-corrosive pigments, pigment preparations, dyes, colorants and specialty materials.
Clariant divests its Pigments business chemeurope.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chemeurope.com Daily Mail and Mail on Sunday newspapers.
Clariant will be reinvesting for a
20% ownership stake in the combined business
Closing anticipated in the first half of 2022
Muttenz, June 14, 2021 – Clariant, a focused, sustainable and innovative specialty chemical company, today announced that it has reached definitive agreements for the divestment of its Pigments business to a consortium of Heubach Group (“Heubach”) and SK Capital Partners (“SK Capital”) at an Enterprise Value (EV) of CHF 805 million to CHF 855 million on a cash and debt free basis, depending on an earn-out payment of CHF 50 million contingent on the 2021 financial performance of Clariant’s Pigments business. This represents a multiple of 10.7 to 11.4 times the stand-alone adjusted 12-month EBITDA per April 2021 (LTM).
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR Definitive agreements signed by a consortium of Heubach Group and SK Capital Partners to acquire Clariant's Pigments businessEnterprise Value of CHF 805 million