The Heubach Group, a producer of pigments, and SK Capital Partners, a private investment firm focused on specialty materials, chemicals and pharmaceuticals, has finalized its acquisition of Clariant‘s Global Colorants Business. The deal was initially reported June 14, 2021.

The Heubach group is a global provider of comprehensive color services and offers a portfolio of organic, inorganic and anti-corrosive pigments, dyes and colorants. The firm operates 19 manufacturing facilities across the world and employs 3,000 people.

“The combination of Heubach and Clariant Pigments creates an industry leader committed to the highest standards in manufacturing, quality and service,” added Aaron Davenport, managing director of SK Capital. “We look forward to supporting management in the growth and improvement of the Company by investing into talent, innovation and market expansion.”

The Valence Group of Piper Sandler & Co., BofA Securities and Citigroup served as financial advisors to Heubach and SK Capital. Committed financing for the transaction was provided by BofA Securities, Citigroup, HSBC, KeyBanc, Citizens, ING and MUFG. Lenz & Staehelin AG and Kirkland & Ellis LLP acted as legal counsel to Heubach and SK Capital. Milbank LLP acted as legal counsel to Heubach. Homburger AG acted as legal counsel to Clariant and Deutsche Bank AG served as Clariant’s financial advisor.