SK Capital Partners has invested in VanDeMark Chemical, a manufacturer of specialty chemicals, in partnership with existing investor Comvest Partners, said the company.
With this investment, VanDeMark aims to expand its presence in the fine chemistries for the global life science market. Comvest will remain a co-owner of VanDeMark.
“Comvest’s support and investment in VanDeMark’s infrastructure, manufacturing processes, and management team over the last three years has strongly positioned the Company for its next chapter of growth,” says Roger Marrero, a senior partner of Comvest. “As we continue to build upon VanDeMark’s robust foundation and enhance the quality and diversity of its product portfolio, we are thrilled to partner with SK Capital. SK Capital brings a shared vision for the Company’s future, strategy, and expansion in the life sciences markets, as well as deep expertise in the sectors and markets in which VanDeMark operates."
King & Spalding LLP acted as legal counsel to SK Capital and Kirkland & Ellis LLP acted as legal counsel to Comvest. Debt financing was provided by a bank group led by CIT.
We remind, SK Capital completes USD250m sale of NuCera Solutions to Chase Corporation. An affiliate of funds advised by SK Capital Partners (SK Capital) has completed the sale of NuCera Solutions (NuCera) to Chase Corporation, a leading manufacturer of protective materials for high reliability applications in a USD350 million deal.
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 USD16 billion annually, employs more than 20,000 people globally and operates 203 plants in 32 countries.
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