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MINNEAPOLIS--(BUSINESS WIRE)--Feb. 9, 2021-- chemicals & materials investment banking group (The Valence Group) served as lead financial advisor to Bain Capital Private Equity and Cinven on their joint acquisition of Lonza Specialty Ingredients (LSI), a division of Lonza AG. The transaction, valued at CHF 4.2 billion (USD 4.7 billion), is expected to close in 2021, subject to customary closing conditions including regulatory clearances.

LSI is a world-leading provider of specialty chemicals for microbial control solutions, used to eliminate or control harmful and unwanted micro-organisms. LSI’s products are critical ingredients in disinfectants, preservatives, sanitizers, personal care products, as well as coatings and other industrial uses. Headquartered in Basel, Switzerland, LSI has approximately 2,800 employees, 11 R&D centers and 17 manufacturing sites across the world. The business serves circa 5,300 customers across a wide range of end-markets.

“�鶹��ý is extremely pleased to have played a significant supporting role in advising two long-term private equity clients in such a landmark transaction,” said Telly Zachariades, co-head of chemicals & materials investment banking at �鶹��ý (New York).

Anton Ticktin, managing director, �鶹��ý (London), further commented, “Our team has helped to deliver yet another multi-billion dollar, cross-border transaction, one of the largest LBOs in the chemical industry.” Ian George, managing director, �鶹��ý (London), added, “We look forward to helping Bain and Cinven write the next chapter of the LSI story.”

Peter Hall, head of European investment banking at �鶹��ý stated, “This transaction reflects the strong position we have in targeted sectors of the European investment banking market”.

ABOUT PIPER SANDLER

�鶹��ý (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through �鶹��ý & Co., member SIPC and NYSE; in Europe through �鶹��ý Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through �鶹��ý Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Private equity strategies and fixed income advisory services are offered through separately registered advisory affiliates.

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Pamela Steensland
Tel: 612 303-8185
pamela.steensland@psc.com

Source: �鶹��ý & Co.