News

Permira funds to acquire one of the leading US firms for fine chemicals, Evonik Jayhawk Fine Chemicals Corporation, from Evonik Industries AG

30th August 2018

Permira, the global private equity firm, announced today that a company backed by the Permira funds has entered into a definitive agreement to acquire Evonik Jayhawk Fine Chemicals Corporation (“Jayhawk”), one of the leading fine chemicals companies in the US, from Evonik Industries AG (“Evonik”) for a high double-digit million USD amount.

Sebastian Hoffmann, Principal and member of the Industrials Team at Permira, said: “We are looking forward to successfully growing the Jayhawk business further. Together, CABB (an existing Permira portfolio company) and Jayhawk will provide a seamless transatlantic product and service offering, which will benefit existing and prospective clients of both companies through a broader geographic reach and further enhanced custom manufacturing solutions."

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