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Apr 19, 2024 | 
ionanalytics.com | Bhavna Kaul |Kezia Joseph |Georgina Barnard |Carlos Martinez
News (Intelligence) PPG [NYSE:PPG], a paints, coatings, and specialty materials company, has kicked off the sale of its silica products business, three sources familiar with the situation said. The Pittsburgh-based company sent out teasers and has signed up interested suitors to participate in the sale process, two of the sources said. Financial sponsors and a short list of strategics are expected to show interest in the silica business, the sources said.
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Apr 3, 2024 | 
ionanalytics.com | Richard Tekneci |Bhavna Kaul |Kezia Joseph |Carlos Martinez
Private Equity / Venture Capital M&A Advent International is collecting first round bids in the sale of CAES, said five sources familiar with the matter. Advent is working with Goldman Sachs on the sale, as reported by this news service last month. Bids are due next week, the five sources said.
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Mar 20, 2024 | 
ionanalytics.com | Richard Tekneci |Kezia Joseph |Bhavna Kaul |Carlos Martinez
Private Equity / Venture Capital M&A Advent International is working with Goldman Sachs on the sale of Cobham Advanced Electronic Solutions, said four sources familiar with the matter. Private equity firms are expected to show strong interest in CAES, three of the sources said, adding there could be strategics in the mix as well. Arlington, Virginia-based CAES generates…
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Feb 29, 2024 | 
ionanalytics.com | Richard Tekneci |Bhavna Kaul |Kezia Joseph |Carlos Martinez
Advent International-backed Ultra Electronics is exploring a sale of its signature management and power business, said five sources familiar with the matter. Lazard is advising on the potential divest, four of the sources said. The business generates around USD 50m in EBITDA, these sources noted. Books have not yet been distributed to prospective buyers, they added. Private equity firms and strategics are expected to show interest in the business, three of the sources noted.
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Feb 28, 2024 | 
ionanalytics.com | Kezia Joseph |Georgina Barnard |Lloyd Vassell
Synthomer [LON:SYNT] is exploring several carveouts of its European assets, according to three sources familiar with the situation. The British chemicals business is looking to divest its Compounds and Paper Latex units, both of which sit within the wider Paper, Carpet & Foam division, according to all of the sources, with banks believed to have been selected to run an auction.
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Feb 13, 2024 | 
ionanalytics.com | Kezia Joseph |Bhavna Kaul |Carlos Martinez
M&A International Flavors and Fragrances [NYSE:IFF] collected final bids last week for the sale of its Pharma Solutions unit, four sources familiar with the situation said. Each of the sources said that CVC Capital Partners has emerged as a strong contender to acquire IFF’s unit. One of the sources noted that the sponsor owns an asset called DFE Pharma, which is likely to have synergies with IFF’s Pharma Solutions unit.
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Dec 13, 2023 | 
ionanalytics.com | Carlos Martinez |Bhavna Kaul |Kezia Joseph
Ashland [NYSE:ASH] is working with Citi as it explores a sale of its Nutraceuticalsbusiness, four sources familiar with the situation said. The company is expected to collect initial bids next week, two of the sources said. In November, while announcing its fiscal 2023 4Q and full-year earnings the Wilmington, Delaware-based specialty chemicals producer said it plans to initiate a portfolio optimization program to help improve profitability.
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Nov 30, 2023 | 
ionanalytics.com | Carlos Martinez |Richard Tekneci |Bhavna Kaul |Kezia Joseph
Rolls-Royce [LON:RR], the UK-based aircraft engine maker, is exploring a sale of its North American naval marine business through financial advisor Bank of America, said four sources familiar with the matter. The business generates around USD 30m to USD 50m in EBITDA, the four sources said. The asset that would be coming up for sale is part of Rolls-Royce North America. Books have not yet been distributed to prospective buyers, they said.
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Jul 27, 2023 | 
community.ionanalytics.com | Richard Tekneci |Kezia Joseph |Bhavna Kaul |Diane Alter
L3Harris Technologies [NYSE:LHX], the aerospace and defense company, is collecting initial bids in early August for the divest of a package of avionics assets, said three sources familiar with the matter. The assets being sold have USD 100m to USD 150m in EBITDA, the three sources and a fourth source familiar said. Melbourne, Florida-based L3Harris is working with financial advisor Morgan Stanley on the divest, as reported by this news service earlier this month.
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Apr 17, 2023 | 
info.mergermarket.com | Kezia Joseph
