Private equity firm SK Capital Partners (New York, New York) has named Asim Bhatia, former senior director/corporate M&A at DuPont, as director/business development. Bhatia, who has held similar roles at Honeywell and Eastman Chemical, “will coordinate and lead the firm’s efforts to identify and develop new investment opportunities,” SK Capital says.
Bhatia’s “experience managing M&A for several of the most respected corporates in our sectors is a highly valuable skill set,” says Mario Toukan, managing director at SK Capital. “We believe a dedicated effort to developing and managing the large pipeline of opportunities across our industries of focus will serve to enhance our investment practice.”
by Vincent Valk
Source: chemweek.com
The European Union said Monday that it has approved Agrofert Group’s acquisition of Borealis AG’s nitrogen business after concluding that the deal wouldn’t raise competition concerns. Agrofert is a Czech conglomerate, while Austrian chemical and fertilizer company Borealis is 75%-owned by OMV AG with the remaining 25% held by Abu Dhabi National Oil Co.
LyondellBasell Industries N.V. and Mepol Group announced they have entered into a definitive agreement for LyondellBasell to acquire Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland.
Univar Solutions Inc and Apollo announced that funds managed by affiliates of Apollo have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion.
