SK Capital Partners, a private investment firm with a focus on the specialty materials, chemicals and pharmaceutical sectors, is reinvesting in Archroma, a Basel, Switzerland-based color and specialty chemicals company.
The amount of the deal was not disclosed.
The company will use the proceeds for ongoing initiatives to drive innovation, growth and operational efficiencies and to pursue strategic investments in both organic growth and industry consolidation.
Initially acquired by SK Capital in 2013, Archroma provides specialty chemicals serving the branded and performance textiles, packaging and paper, and coatings, adhesives and sealants end markets operating a customer-
focused platform that delivers products in over 100 countries.
It has approximately 3,000 employees over 35 countries.
As part of the investment, the company completed an offering of its credit facilities including a multi-currency revolving credit facility, a facility for capital expenditures, and term loans. HSBC Bank plc and Bank of America Merrill Lynch International acted as global coordinators, bookrunners and mandated Lead
Arrangers. Credit Suisse AG, UBS AG and ICICI Bank UK plc acted as mandated lead arrangers.