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A subsidiary of GC, PTTGC International (Netherlands) B.V., announces landmark acquisition of global coating resins leader allnex


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Acquisition of allnex reflects GC s Chemistry for Better Living commitment to strengthen the sector while improving people s quality of life and becoming a more sustainable business.
GC will further strengthen allnex s market access in the Asia Pacific region.
Together, GC and allnex deliver unwavering support to sustainability through investments in innovative and green technologies.
BANGKOK, July 16, 2021 /PRNewswire/ PTTGC International (Netherlands) B.V. ( GC Inter B.V. ), a wholly owned subsidiary of PTT Global Chemical Public Company Limited ( GC ), has signed an agreement with Allnex Holdings S.à.r.l and Allnex S.à.r.l, funds advised by Advent International ( Advent ), to acquire industrial coating resins producer Allnex Holding GmbH ( allnex ). ....

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Polynt-Reichhold Group: Black Diamond Announces That Polynt-Reichhold Has Agreed to Repurchase Investindustrial's Shares in the Company


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Black Diamond Capital Management, L.L.C. ( Black Diamond ) is pleased to announce a transaction involving one of its portfolio companies, Speciality Chemicals International Limited, a holding company of the Polynt-Reichhold group (the Company ) in which the Company agreed to repurchase Investindustrial s shares in the Company (the Transaction ). Following the completion of the Transaction, Black Diamond will become the Company s controlling shareholder.
Black Diamond and Investindustrial became partners in Polynt-Reichhold after the successful merger of Polynt and Reichhold in May 2017. In the years following the merger, the combined company s performance has substantially improved. The Transaction, together with the refinancing of the existing debt, will be financed by approximately €1.3 billion (equivalent) of new senior secured and unsecured debt facilities expected to be issued by the Company in the public debt capital markets. Affiliates of JP Morgan and cert ....

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