MOSCOW (MRC) -- SK Capital Partners, LP, a private investment firm focused on the specialty materials, specialty chemicals, and pharmaceuticals sectors, announced the hiring of Asim Bhatia as Director, Business Development, said the company.
Mr. Bhatia will be based in New York and brings nearly 25 years of strategic corporate development, M&A, investment banking, and corporate banking experience to SK Capital.
In this role, Mr. Bhatia will coordinate and lead the firm’s efforts to identify and develop new investment opportunities. Prior to joining SK Capital, Mr. Bhatia was a Senior Director of Corporate M&A at DuPont de Nemours, Inc., where he led both the acquisitions and divestitures of several businesses during his tenure. Prior to DuPont, Mr. Bhatia held similar roles at Honeywell and Eastman Chemical, and was previously an investment banker.
"We are delighted to welcome Asim to the SK Capital team. His experience managing M&A for several of the most respected corporates in our sectors is a highly valuable skill set. 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,” said Mario Toukan, Managing Director of SK Capital.
As per MRC, Neste, Covestro and South Korean petrochemical company SK geo centric are cooperating to enable the production of a major polyurethane raw material based on renewable raw materials via mass balance. The cooperation will see Neste provide SK geo centric with renewable Neste RE, an ISCC certified feedstock for polymers and chemicals made from 100% renewable raw materials such as waste and residue oil and fats. SK geo centric will process this feedstock into benzene at the company’s facilities in South Korea and supply it to Covestro to use as raw material for methylene diphenyl diisocyanate (MDI) at its site in Shanghai, China.
SK Capital is a private investment firm with a disciplined focus on the specialty materials, specialty chemicals, and pharmaceuticals sectors. The firm seeks to build strong and growing businesses that create substantial long-term economic value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $15 billion annually, employs more than 20,000 people globally, and operates 191 plants in 32 countries.