MINNEAPOLIS --(BUSINESS WIRE)--Feb. 9, 2021-- Piper Sandler & Co. chemicals & materials investment banking group ( The Valence Group ) served as lead financial advisor to Bain Capital Private Equity and Cinven on their joint acquisition of Lonza Specialty Ingredients (LSI), a division of Lonza AG . The transaction, valued at CHF 4.2 billion ( USD 4.7 billion ), is expected to close in 2021, subject to customary closing conditions including regulatory clearances.

LSI is a world-leading provider of specialty chemicals for microbial control solutions, used to eliminate or control harmful and unwanted micro-organisms. LSI’s products are critical ingredients in disinfectants, preservatives, sanitizers, personal care products, as well as coatings and other industrial uses. Headquartered in Basel, Switzerland , LSI has approximately 2,800 employees, 11 R&D centers and 17 manufacturing sites across the world. The business serves circa 5,300 customers across a wide range of end-markets.

“Piper Sandler is extremely pleased to have played a significant supporting role in advising two long-term private equity clients in such a landmark transaction,” said Telly Zachariades , co-head of chemicals & materials investment banking at Piper Sandler ( New York ).

Anton Ticktin , managing director, Piper Sandler ( London ), further commented, “Our team has helped to deliver yet another multi-billion dollar, cross-border transaction, one of the largest LBOs in the chemical industry.” Ian George , managing director, Piper Sandler ( London ), added, “We look forward to helping Bain and Cinven write the next chapter of the LSI story.”

Peter Hall , head of European investment banking at Piper Sandler stated, “This transaction reflects the strong position we have in targeted sectors of the European investment banking market”.

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Pamela Steensland
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Source: Piper Sandler & Co.