MINNEAPOLIS–(BUSINESS WIRE)– Piper Sandler & Co. chemicaliën- en materialen investeringsbankgroep (The Valence Group) heeft vandaag aangekondigd dat het Falcon Private Holdings, LLC heeft geadviseerd bij de verkoop van Aristech Surfaces LLC aan Trinseo voor $ 445 miljoen in contanten. Het bedrijf wordt onderdeel van Trinseo’s Engineered Materials-segment. De transactie zal naar verwachting dit jaar worden afgerond, afhankelijk van de gebruikelijke voorwaarden en goedkeuringen van regelgevende instanties.
Piper Sandler trad op als exclusief financieel adviseur van Falcon bij de verkoop.
Falcon Private Holdings, LLC is de particuliere investeringstak van Jamshid Keynejad en Barry Siadat, medeoprichters en directeuren van SK Capital Partners. Falcon biedt langetermijnkapitaal met een flexibele beleggingshorizon.
Piper Sandler Advises Falcon Private Holdings on Sale of Aristech to Trinseo
MINNEAPOLIS–(BUSINESS WIRE)– Piper Sandler & Co. chemicals & materials investment banking group (The Valence Group) announced today that it has advised Falcon Private Holdings, LLC, on its sale of Aristech Surfaces LLC to Trinseo for $445 million in cash. The business will become part of Trinseo’s Engineered Materials segment. The transaction is expected to close this year, subject to customary closing conditions and regulatory approvals.
Piper Sandler acted as exclusive financial advisor to Falcon on the sale.
Falcon Private Holdings, LLC is the private investment arm of Jamshid Keynejad and Barry Siadat, co-founders and managing directors of SK Capital Partners. Falcon offers patient capital with a flexible investment horizon.
Aristech is a global leading producer of continuous cast acrylic sheet for the wellness, architectural, transportation and industrial markets. Aristech’s products are used for a variety of applications, including the construction of hot tubs, swim spas, counter tops, signage, bath products and recreational vehicles.
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber with a focus on delivering innovative, sustainable and value-creating products to its customers in a wide range of end-markets, including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.0 billion in net sales in 2020. With the May 2021 acquisition of the PMMA business of Arkema, the company has 24 manufacturing sites around the world and approximately 3,500 employees.
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