Private equity firm Bain Capital has acquired Porus Laboratories of Hyderabad, India, subject to regulatory approval. Financial terms were not disclosed but values in the region of $300-365 million were mentioned during the process. CVC Capital and Advent International had also been interested in Porus, according to reports.
Speciality chemicals manufacturer Solenis has agreed to buy cleaning, infection prevention and hygiene giant Diversey. The $4.6 billion all-cash deal should be completed in 2H, subject to approval by Diversey shareholders, and will remove Diversey from public ownership. Both boards have backed it.
Following a long period of speculation, Lonza has entered into a definitive agreement to sell its Lonza Specialty Ingredients (LSI) business to private equity firms Bain Capital and Cinven for CHF 4.2 billion in order to focus entirely on healthcare. The deal is expected to close in 2H, subject to customary closing conditions.
Genoa-based Italmatch Chemicals, a speciality chemicals company focused on additives for water and process treatment, oil and gas, industrial lubricants and plastics, has signed an agreement to acquire BWA Water Additives, which is also active in the oil and gas, industrial water treatment and desalination industries.
