Tom Terrarosa

New York

Head of Sector Coverage at The Deal

I write/talk chemicals, oil, random other stuff @TheDealNewsroom, a @euromoney co. Opinions my own, especially when right. Tips: tterrarosa (at) https://t.co/OujPjQj7yQ

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Articles

Dow Kicks Off Sale of Gulf Coast Infra Assets

Mar 20, 2024 | thedeal.com | Tom Terrarosa

Back to News Scoops & Exclusives|Published: March 20th, 2024 Chemicals giant Dow Inc. (DOW) quietly kicked off an auction process for infrastructure assets in the Gulf of Mexico in January, and the sale is thought to be entering the mid-stages, The Deal has learned. First round bids for an equity stake in the businesses were due the week of Feb. 16, people with knowledge of the matter said.
Dow Considers Options for Infrastructure Assets

Dec 6, 2023 | thedeal.com | Tom Terrarosa

Chemicals and materials giant Dow Inc. (DOW) is working with advisers to consider strategic options for its infrastructure assets along the Gulf Coast, three industry sources said. The company has retained Goldman, Sachs & Co. and Citigroup Global Markets Inc. to help it structure and run a potential transaction involving the assets, two of the sources said.
Resetting Expectations for IFF's Pharma Exit

Dec 5, 2023 | thedeal.com | Tom Terrarosa

International Flavors & Fragrances Inc. (IFF) has a relatively new debt problem, but its solutions have quickly become old hat. In late 2019, as larger competitors merged only to split off into more concise businesses, IFF looked to gain ground quickly by purchasing a major piece of a newly formed DuPont de Nemours Inc. (DD), nutrition and biosciences, for $26.2 billion.
Japan's Itochu Taps KPMG for Adhesives Carve-Out

Sep 20, 2023 | thedeal.com | Tom Terrarosa

Japanese conglomerate Itochu Corp. has retained financial advisers for a carve-out of small adhesives unit Helmitin Inc., sources familiar with the matter said. Itochu has tapped KPMG Corporate Finance Inc. to run an auction process for the unit, which generates Ebitda of less than $10 million, the people said. KPMG hasn’t distributed financial data materials for Helmitin, though teasers are expected to land shortly after Labor Day, the sources said.
Baker McKenzie, Coinbase on Evolving Crypto Mkt

Sep 11, 2023 | thedeal.com | Tom Terrarosa |Chris Nolter |David Elman

M&A deals in the cryptocurrency space have been on an exponential rise over recent years. There were a record 626 completed deals in 2022, up from 348 in 2021, with the U.S. being the dominant market for M&A activity, according to PwC’s 2023 Global Cryptocurrency M&A and fundraising report.
Berry Announces Health Segment Review

Sep 8, 2023 | thedeal.com | Tom Terrarosa |Chris Nolter |David Marcus |David Elman

Berry Global Group Inc. (BERY) announced Thursday, Sept. 8, that it has launched a process to evaluate strategic alternatives for its health, hygiene and specialties segment. Evansville, Ind.-based Berry Global said that it will be considering various alternatives to maximize shareholder value.
Northleaf Buys Into U.S. Open-Access Fiber

Sep 8, 2023 | thedeal.com | Chris Nolter |Tom Terrarosa |Nikitha Sattiraju |Michael D. Brown

Northleaf Capital Partners Ltd.‘s pledge to invest up to $500 million in Tillman FiberCo LLC fits an ongoing trend in telecom. Private equity and infrastructure investors have eagerly backed companies that spool fiber to homes and businesses as remote work, streaming, artificial intelligence and other applications drive demand for high-speed broadband. In another respect, Tillman FiberCo breaks with fiber-market tradition, in the U.S. at least.
Recochem Leads Handful of Sponsors Into Mid Stages

Sep 7, 2023 | thedeal.com | Tom Terrarosa |Chris Nolter |David Marcus |Nikitha Sattiraju

Back to News Mergers & Acquisitions|Published: September 7th, 2023An auction for H.I.G. Capital LLC aftermarket automotive chemical consumables platform Recochem Inc. is said to be approaching the second round with at least a handful of private equity firms in tow. Check-in bids were due the first full week of August for Recochem, which makes and sells products including antifreeze, diesel exhaust fluid and fuel additives, three industry sources said.
Stoplight Accelerates SmartBear APIs, M&A

Sep 7, 2023 | thedeal.com | Chris Nolter |Tom Terrarosa |David Marcus |Nikitha Sattiraju

With the acquisition of Stoplight Inc., SmartBear Software Inc. builds on its portfolio of technology for application programming interfaces, or APIs, a critical part of software development that lets applications talk to each other. “Most companies kind of woke up one day and realized we have a whole lot of APIs that are all over the place,” SmartBear CEO Frank Roe said in an interview following the Aug. 22 purchase. “How are we going to manage them? How are we going to leverage them?
Shearman & Sterling’s Lara Aryani

Aug 24, 2023 | thedeal.com | David Marcus |Nikitha Sattiraju |Chris Nolter |Tom Terrarosa

Back to News Mergers & Acquisitions|Published: August 24th, 2023In the latest Drinks With The Deal podcast, Shearman M&A partner Lara Aryani talks about how her practice has evolved and why it’s OK not to know what you want to do as a young associate. “If you’re not uncomfortable, you’re not learning,” said Lara Aryani, an M&A partner at Shearman & Sterling LLP in New York, on this week’s Drinks With The Deal podcast.