#USA #London #SVP #OQ Chemicals #Blantyre Capital

Strategic Value Partners and Blantyre Capital Acquire OQ Chemicals

In a strategic move that underscores their commitment to the chemicals sector, Strategic Value Partners, LLC (SVP) and Blantyre Capital Limited have announced the acquisition of OQ Chemicals. With an impressive portfolio of about $22 billion in managed assets, SVP has teamed up with Blantyre, which manages over €2.7 billion in long-term capital, to enhance their influence in the chemical industry.

As part of the acquisition process, OQ Chemicals will revert to its historical name, OXEA. This name change is a significant aspect of the acquisition, emphasizing the rich history and legacy that OXEA has maintained within the global chemicals landscape. The company's expertise in producing oxo chemicals positions it as a key player in supplying vital components to various industries, including specialty chemicals and additives.

OXEA’s Significance in the Industry

OXEA specializes in the production of oxo intermediates and performance chemicals, which are essential for creating a wide array of products ranging from paints and coatings to pharmaceuticals and lubricants. Its high-quality offerings include alcohols, polyols, plasticizers, carboxylic acids, specialty esters, and amines. These materials are critical to numerous sectors, notably construction, automotive, and electronics, affirming OXEA's strategic role in global supply chains.

With over 1,200 dedicated employees across the globe, OXEA markets its products in more than 60 countries. Its primary production facilities are located in Texas and Germany, ensuring sustained access to key markets. The company's robust global presence reflects its commitment to innovation and quality, making it an attractive investment for SVP and Blantyre.

Leadership Insights on the Acquisition

HJ Woltery, Co-Head of the European Investment Team at SVP, emphasized the strategic importance of OXEA's market positioning, stating, "OXEA's leading market positions, global reach, and innovation capabilities provide a solid foundation for long-term growth. We look forward to partnering with the OXEA team to build upon this strong foundation and continue delivering exceptional value to its customers and stakeholders across well-diversified markets."

On the other hand, Mubashir Mukadam, Chief Investment Officer at Blantyre Capital, expressed confidence in OXEA's potential. He remarked, "We are pleased to partner with OXEA, a market leader with strong production capabilities. OXEA's significant expertise in oxo chemicals, combined with its global footprint, presents ample opportunities for growth. We look forward to supporting the Company as it continues to expand its product offerings and enhance its strategic position in the industry."

Advise and Support

The complex transaction was advised by prominent firms including Kirkland & Ellis, Akin, and Lazard, who played pivotal roles in facilitating the deal. Their expertise ensured a streamlined acquisition process, enabling SVP and Blantyre to focus on integrating OXEA into their portfolio effectively.

Conclusion

The acquisition of OQ Chemicals signifies a notable advancement for both Strategic Value Partners and Blantyre Capital. By reinstating the name OXEA, they not only preserve the company's rich heritage but also position it for continued success in the global chemicals market. As they work together, the aim will be to leverage OXEA's existing strengths while exploring new avenues for growth and innovation in the oxo chemicals sector. With a clear vision and strong leadership, the future looks promising for OXEA as it begins this new chapter under its renewed identity.