Deals
Lanxess Said to Join Race for $1 Billion Emerald Kalama Chemical
- HIG, Rhone, TPG also interested in specialty chemicals firm
- American Securities running auction process for Emerald Kalama
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Lanxess AG is among suitors interested in making a bid for private equity-backed Emerald Kalama Chemical, which could sell for around $1 billion, according to people familiar with the matter.
The Cologne, Germany-based chemicals group is working with an adviser on a possible offer for the specialty chemicals company, which is being sold by American Securities, the people said. Emerald Kalama has also attracted interest from buyout firms HIG Capital, Rhone Capital and TPG, the people said, asking not to be identified discussing confidential information.