Associated tags: Plant, Professional Services, Finance, Chemicals, Plastics, Manufacturing, Energy, Renewable energy
Locations: EUROPE, CHINA, TEXAS, TX, LOUISIANA, NEW JERSEY, EN, OH, ILLINOIS, ASIA, TINICUM, UNITED STATES, NORTH AMERICA, NEW YORK, SK
An affiliate of funds advised by SK Capital Partners, LP (“SK Capital”) announced today it has completed the sale of Foremark Performance Chemicals, Inc. (“Foremark”) to affiliates of CC Industries, Inc., which is the management company for the Crown family’s privately-held companies.
Key Points:
- An affiliate of funds advised by SK Capital Partners, LP (“SK Capital”) announced today it has completed the sale of Foremark Performance Chemicals, Inc. (“Foremark”) to affiliates of CC Industries, Inc., which is the management company for the Crown family’s privately-held companies.
- Acquired by SK Capital in 2017, Foremark is a technology-driven producer of patented and proprietary natural gas sweeteners, chemical building blocks, and slow-release fertilizers.
- Jack Norris, Managing Director at SK Capital, said, “SK Capital is privileged to have partnered with Randy Owens and the entire Foremark team.
- We wish CC Industries and all the employees of Foremark every success.”
Randy Owens, CEO of Foremark, commented, “We are proud of the transformation of Foremark under SK Capital’s ownership.
Engineering,
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Manufacturing,
EST,
Form 8-K,
Needham & Company,
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Optics,
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Disclosure,
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Financial services Inrad Optics, Inc. (OTCMKTS:INRD) (“Inrad Optics” or the “Company”), a provider of advanced optical components, assemblies and systems, today announced that it has entered into a definitive merger agreement to be acquired by Luxium Solutions (“Luxium”), an affiliate of private equity firms SK Capital Partners (“SK Capital”) and Edgewater Capital Partners (“Edgewater”), in an all-cash transaction that values Inrad Optics at approximately $19 million, including assumed debt.
Key Points:
- Inrad Optics, Inc. (OTCMKTS:INRD) (“Inrad Optics” or the “Company”), a provider of advanced optical components, assemblies and systems, today announced that it has entered into a definitive merger agreement to be acquired by Luxium Solutions (“Luxium”), an affiliate of private equity firms SK Capital Partners (“SK Capital”) and Edgewater Capital Partners (“Edgewater”), in an all-cash transaction that values Inrad Optics at approximately $19 million, including assumed debt.
- Following the close of the transaction, Inrad Optics will remain a U.S.-controlled and operated company.
- Following the closing of the transaction, Inrad Optics expects to benefit from the significant resources, operational expertise and capacity for investment provided by Luxium, SK Capital and Edgewater.
- “This transaction delivers immediate and certain value to our stockholders,” said Jan Winston, Chair of Inrad Optics’ Board of Directors.
SK Capital Partners, LP (“SK Capital” or the “Firm”) today announced the final closing of SK Capital Partners VI (“Fund VI”) at $2.95 billion.
Key Points:
- SK Capital Partners, LP (“SK Capital” or the “Firm”) today announced the final closing of SK Capital Partners VI (“Fund VI”) at $2.95 billion.
- The fund is the latest vintage of the Firm’s Flagship private investment strategy.
- “SK Capital has one of the largest and longest-standing teams dedicated to the sectors in which we invest.
- “SK Capital is honored to be partnering with such a diverse set of respected and experienced private equity investors,” added SK Capital Managing Director Ben Dillon, who leads the Firm’s investor relations, fundraising and co-investment initiatives.
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PLX,
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Partnership Luxium Solutions, LLC (“Luxium” or the “Company”), a worldwide technology leader and provider of high-performance crystals used in photonics and radiation detection applications, has entered into an agreement to acquire PLX Inc. and PLX UK, Ltd, (collectively, “PLX”) from an investor group led by Tinicum.
Key Points:
- Luxium Solutions, LLC (“Luxium” or the “Company”), a worldwide technology leader and provider of high-performance crystals used in photonics and radiation detection applications, has entered into an agreement to acquire PLX Inc. and PLX UK, Ltd, (collectively, “PLX”) from an investor group led by Tinicum.
- “Both Luxium and PLX bring complementary technical expertise in applied material sciences to enable the applications of our customers.
- Luxium and PLX share a strong alignment in their go-to-market strategies emphasizing collaboration with customers to develop customized solutions.
- Furthermore, it’s clear that both companies share common values grounded in scientific excellence, quality, and customer satisfaction,” said Itai Vishnia, CEO of PLX, who will continue to lead the PLX group within the Luxium portfolio.
WESTLAKE, OH, Dec 2, 2023 - (ACN Newswire) - GEON Performance Solutions, a global leader in the formulation, development and manufacture of performance polymer solutions, announced today the acquisition of Polymax(TPE) which specializes in the development of premium thermoplastic elastomer (TPE) materials for manufacturers across a diverse range of industries throughout North America, Asia and Europe.
Key Points:
- WESTLAKE, OH, Dec 2, 2023 - (ACN Newswire) - GEON Performance Solutions, a global leader in the formulation, development and manufacture of performance polymer solutions, announced today the acquisition of Polymax(TPE) which specializes in the development of premium thermoplastic elastomer (TPE) materials for manufacturers across a diverse range of industries throughout North America, Asia and Europe.
- Polymax(TPE) has two full-service manufacturing sites in Nantong, Jiangsu, China, and Waukegan, Ill, USA.
- "Polymax(TPE)'s leading thermoplastic elastomer technology will be fully leveraged by GEON to make the combined company a global leader in thermoplastic elastomer.
- This alignment secures a strong future for our customers," said Dr. Martin Lu, chief technology officer and co-founder of Polymax(TPE).
Retrieved on:
Monday, November 20, 2023
Finance,
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Drink,
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Snack,
Heartland Industrial Partners,
Milk,
Emulsion,
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KeyBank Funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, have completed their previously announced acquisition of J&K Ingredients, Inc. (“J&K” or the “Company”) from CORE Industrial Partners (“CORE”).
Key Points:
- Funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, have completed their previously announced acquisition of J&K Ingredients, Inc. (“J&K” or the “Company”) from CORE Industrial Partners (“CORE”).
- J&K, headquartered in Paterson, New Jersey, is a market-leading provider of food and beverage ingredients solutions with an emphasis on natural, organic, and clean label products.
- The Company differentiates itself with extensive custom formulation and new product development capabilities, leveraging deep expertise in quality, function, and compliance.
- We are thrilled to be partnering with the J&K team to build upon the Company’s stellar reputation and technical achievements to-date.”
“At J&K, we are very excited for our next chapter in partnership with SK Capital,” said Ricardo Alvarez, Ph.D., CEO of J&K Ingredients.
Retrieved on:
Wednesday, October 4, 2023
Environment,
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Milestone SK Capital Partners (“SK Capital”), a New York-based private investment firm focused on the specialty materials, ingredients, and life sciences sectors, today announced that its affiliates have completed the acquisition of Milestone Environmental Services, LLC (“Milestone” or the “Company”), a leading environmental services and carbon management company, from Amberjack Capital Partners, L.P.
Key Points:
- SK Capital Partners (“SK Capital”), a New York-based private investment firm focused on the specialty materials, ingredients, and life sciences sectors, today announced that its affiliates have completed the acquisition of Milestone Environmental Services, LLC (“Milestone” or the “Company”), a leading environmental services and carbon management company, from Amberjack Capital Partners, L.P.
SK Capital has taken a controlling stake in Milestone in partnership with President and CEO Gabriel Rio, who will continue to serve in that role and retain significant ownership in the Company.
- Since 2014, Milestone has sequestered more than 2 million tons of CO2e through its proprietary slurry injection process.
- Jack Norris, a Managing Director of SK Capital, stated, “We are highly impressed with the market-leading, sustainability-driven business that Gabriel and the Milestone management team have built.
- Goldman, Sachs & Company and White & Case acted as financial advisor and legal counsel, respectively, to Milestone.
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Fine chemical Funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, have acquired Isolatek International (“Isolatek” or the “Company”).
Key Points:
- Funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, have acquired Isolatek International (“Isolatek” or the “Company”).
- As experienced investors in the coatings and specialty materials sectors, SK Capital can leverage its existing portfolio and network to create additional expansion opportunities for Isolatek,” said Jon Borell, a Managing Director of SK Capital.
- “We are excited to partner with SK Capital and look forward to this exciting new chapter for the Company,” said Scott Schwartz, CEO of Isolatek.
- “SK Capital is the ideal partner for Isolatek given its track record in the specialty materials market and differentiated industry insight.
Retrieved on:
Wednesday, August 2, 2023
Banking,
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Samsung Catalyst Fund,
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Like a Boss (film),
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Catalysis,
Bank SK Capital Partners, LP (“SK Capital” or the “Firm”), a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, today announced the close of SKCP Catalyst Fund II (“Catalyst Fund II” or the “Fund”).
Key Points:
- SK Capital Partners, LP (“SK Capital” or the “Firm”), a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, today announced the close of SKCP Catalyst Fund II (“Catalyst Fund II” or the “Fund”).
- The Fund was oversubscribed with total committed capital of $800 million, reflecting the Fund’s $750 million hard cap on Limited Partner commitments and SK Capital’s investment of an additional $50 million.
- SK Capital applies the same investment process and principles across its entire portfolio and invests capital from two parts of the SK Capital fund family: Flagship and Catalyst.
- Catalyst Fund II focuses on transformative buyout investments that generally require initial committed equity capital of up to $100 million.
Professional Services,
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Vieux Fort District,
Foremark Black Bay Energy Capital (“Black Bay”), a private equity firm focused on the North American energy and chemical sectors, has announced the sale of NexGen Chemical Technologies (“NexGen”) to Foremark Performance Chemicals (“Foremark”), a portfolio company of SK Capital Partners (“SK Capital”).
Key Points:
- Black Bay Energy Capital (“Black Bay”), a private equity firm focused on the North American energy and chemical sectors, has announced the sale of NexGen Chemical Technologies (“NexGen”) to Foremark Performance Chemicals (“Foremark”), a portfolio company of SK Capital Partners (“SK Capital”).
- Foremark’s acquisition of NexGen will enable rapid scale-up of manufacturing for ScavGen™ 1014, NexGen’s flagship chemical technology.
- Black Bay, Chris Williamson, and James Begeal founded NexGen in 2018 to deliver high performing, differentiated chemical solutions for treating sour natural gas (also known as natural gas sweetening).
- “The NexGen team has embodied what Black Bay looks for in a portfolio company management team.
