Lincoln International advises Cognis on the sale of Pulcra Chemicals to Fashion Chemicals

Specialty chemicals company Cognis has sold its Pulcra Chemicals subsidiary to Fashion Chemicals GmbH & Co. KG ("Fashion Chemicals"), an investor backed mainly by DSD Deri Sanayicileri Dis Ticaret A.S. ("DSD"), based in Istanbul, Turkey. Cognis will receive cash proceeds from the transaction amounting to 26.3 million Euros. Additionally Fashion Chemicals took over 15.0 million Euros of financial liabilities.

Cognis is owned by private equity funds advised by Permira and Goldman Sachs Capital Partners. In 2007, Cognis reported sales of approximately 3.6 billion Euros. The sale is in line with Cognis' strategy of focusing on its core businesses driven by the personal care, wellness and sustainability trends.

Pulcra Chemicals, a supplier of process chemicals to the textile and leather industries operates production sites and service centers in Brazil, China, Germany, India, Indonesia, Italy, Mexico, Spain, Turkey and the USA. Currently, approximately 460 employees are employed worldwide. In 2007, Pulcra Chemicals reported total sales of 248 million Euros.
 

About Lincoln International
Lincoln International specializes in merger and acquisition services, private capital raising, and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris and Vienna, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.

| back |