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The Valence Group Successfully Completes Its Exclusive Financial Advisory Role to Cognis With the Conclusion of the Sale of Its UV Acrylates Business to IGM
LONDON, Sept. 8 /PRNewswire/ -- The Valence Group, the fast growing specialist chemicals M&A advisory boutique, today successfully completed its advisory role representing Cognis in the sale of its UV acrylates business to IGM Resins NV. The UV acrylates business was part of Cognis' Functional Products strategic business unit. The UV acrylates business manufactures and sells monomers and oligomers for UV applications marketed under the Photomer brand name. The sale of the UV acrylates business included the Photomer trademarks, intellectual property, inventory, and the Charlotte manufacturing site in the US. The manufacturing employees at this site have been transferred to the new owner, as well as several business related employees in the US, France and Asia.
Peter Hall, Partner, said: "We are delighted to have had the opportunity to assist Cognis further its strategic goals; this is another example of the unique and growing role The Valence Group is playing in the global chemicals industry."
About The Valence Group
The Valence Group is a specialist M&A boutique offering advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The firm has developed broad and deep transactional expertise: sell-side, buy-side, joint venture, private companies, public offers, corporate carve-outs, LBOs and management buy-outs. The founders and senior members of The Valence Group have worked together for between 10 and 15 years and collectively have more than 130 years of transactional experience gained both at major investment banks and within chemical companies. The firm's offices are located in London, New York and Shanghai.
SOURCE The Valence Group
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