SK Capital Partners has invested in VanDeMark Chemical, a manufacturer of specialty chemicals, in partnership with existing investor Comvest Partners.
With this investment, VanDeMark aims to expand its presence in the fine chemistries for the global life science market. Comvest will remain a co-owner of VanDeMark.
“Comvest’s support and investment in VanDeMark’s infrastructure, manufacturing processes, and management team over the last three years has strongly positioned the Company for its next chapter of growth,” says Roger Marrero, a senior partner of Comvest. “As we continue to build upon VanDeMark’s robust foundation and enhance the quality and diversity of its product portfolio, we are thrilled to partner with SK Capital. SK Capital brings a shared vision for the Company’s future, strategy, and expansion in the life sciences markets, as well as deep expertise in the sectors and markets in which VanDeMark operates.”
King & Spalding LLP acted as legal counsel to SK Capital and Kirkland & Ellis LLP acted as legal counsel to Comvest. Debt financing was provided by a bank group led by CIT.