Midtown Manhattan
Midtown Manhattan, New York City, USA

What is Qwoted?

Qwoted is a free expert network: we help reporters connect with experts & we help those same experts build relationships with top reporters.

Event Date Thu Dec 6 EST (about 3 years ago)
Location Midtown Manhattan
New York City, USA
Region Americas

Market dynamics in the specialty chemicals industry play a significant role in the relationships among private equity firms and strategic players.

Witness the revolving door that Royal Adhesives & Sealants passed through. American Securities sold Royal to H. B. Fuller after American held it for only a couple of years. Royal grew through successive private equity investors, starting with Edgewater Capital in 2001. Its next PE owner, Quad-C Management, sold it to Arsenal Capital, which in turn passed it along to American.

Other dynamics involve megamergers -- like the DowDuPont combination -- which are launching divestitures of non-core specialty chemicals assets to streamline the combined businesses and meet regulatory demands. Those asset sales are also creating very attractive buying opportunities for PE firms. As a result, PE firms are enjoying a favorable fundraising environment for investing in the specialty chemicals sector.

On the other hand, the appetite for M&A by cash-rich strategics is driving EBITDA multiples into the 10x-12x range, high enough to scare off some PE firms -- although still others, namely contrarians like Arsenal and Audax, are stepping up to bid against the corporates! Meanwhile, leverage has been creeping higher over the past year, increasing downside risk.


2018 Speakers

Christopher Childres
Founder & Managing Partner, Edgewater Capital Partners

Burt Alimansky
Chairman & CEO, The Capital Roundtable

Jennifer L. Abril
President & CEO, Society of Chemical Manufacturers & Affiliates

Christopher D. Cerimele
Managing Director, Balmoral Advisors LLC

Jeffrey Chen
Managing Director, Lazard Middle Market LLC

Christian D. Geyer
Principal, Piper Jaffray Companies

Alain Harfouche
Dir.--Chemicals Investment Banking, KeyBanc Capital Markets Inc.

Oliver Y. Maier
Managing Director, Speyside Equity LLC

Kevin D. Margolis
Partner, Benesch LLP

Mark McFadden
Managing Director, CCMP Capital Advisors LP

Rich V. Preziotti,
ormer President & CEO, Vertellus Global Holdings

Robert W. Reistetter
Principal, Quad-C Management Inc.

Richard T. Schwarz
Partner, Edgewater Capital Partners LP

Scott M. Wolff
Managing Director, American Securities LLC

Kevin Yttre
Managing Director, Grace Matthews Inc.

Sponsors & Partners

2018 Sponsors

• Benesch

• Korn Ferry
• Datacor

• Columbia Business School
• ACG New York

• Inter Exo
• Preqin
• S&P Global Market Intelligence