Piper Sandler & Co. chemicals & materials investment banking group (The Valence Group) has advised The Heubach Group in partnership with SK Capital Partners, on their acquisition of Clariant’s Pigments Business. 

The combined business will operate under the Heubach name, creating a global pigments leader generating over €900 million in annual sales. 

The transaction values Clariant Pigments at approximately CHF 805 million, with additional consideration of CHF 50 million contingent on the 2021 financial performance of the business unit. As part of the transaction, Clariant will be reinvesting for an ownership stake in the combined business, demonstrating its continuing commitment to the success of Clariant Pigments and the substantial growth opportunity in the combination with Heubach. 

Closing for the transaction is subject to customary conditions and approvals and is expected to take place in the first half of 2022.