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Platinum Equity buys chemicals company Solenis

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Published in issue 28/2021
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BASF and Clayton, Dubilier & Rice have signed an agreement to sell Solenis to private equity company Platinum Equity. The transaction implies an enterprise value for Solenis of $5.25bn, which includes net debt of around $2.5bn, subject to adjustments at closing. Since 1 February, 2019, BASF has held 49 per cent of ...

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