SK Capital Partners Acquires ~40% Stake in Venator Materials PLC from Huntsman
December 23, 2020
Funds advised by SK Capital Partners purchased approximately 42.4 million shares (just under 40% of outstanding shares) of Venator Materials PLC from Huntsman Corporation for about $100 million, with a 30-month option to buy Huntsman's remaining ~9.7 million shares at a specified strike price. The investment is a strategic growth-capital stake intended to support Venator's operational improvement and long-term growth as a standalone public company.
- Buyers
- SK Capital Partners, L.P. (funds advised)
- Targets
- Venator Materials PLC
- Sellers
- Huntsman Corporation
- Industry
- Manufacturing
- Location
- County Durham, United Kingdom
- Transaction Type
- Growth capital
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