Malmo, Sweden – Caprolactone monomer company, Perstorp, has new owners who have pledged EUR 130m investment in the firm.
The company's owners PAI Europe IV, an investment fund, has transferred its ownership to a new investment fund owned by PAI Partners and backed by Landmark Partners and other co-investors.
As part of the deal, Landmark has committed EUR 130m for 'investment to advance Perstorp's growth.' The terms of the deal are confidential.
In addition to making polycaprolactones and other speciality polyols, the Swedish company makes a range of other chemicals. It has sites located in Europe, North America and Asia. In total, it employs 1500 people. In 2017 sales were SEK 13.6b ($1.5 bn) and EBITDA was SEK 21 bn, a record high, the firm said.
Jan Secher is the CEO of Perstorp. He said: 'We are delighted that our focus has delivered strong results, attracting new quality investors. We have progressively enhanced profitability.'
