MINNEAPOLIS--(BUSINESS WIRE)--$PIPR--Piper Sandler & Co. 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.
�Piper Sandler 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 Piper Sandler (New York).
Anton Ticktin, managing director, Piper Sandler (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, Piper Sandler (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 Piper Sandler stated, �This transaction reflects the strong position we have in targeted sectors of the European investment banking market�.
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