Brookfield Acquires Chemelex from nVent for $1.7B
February 3, 2025
Brookfield Asset Management, via one of its private equity funds and together with listed affiliate Brookfield Business Partners, completed the acquisition of Chemelex from nVent Electric Plc for $1.7 billion. Brookfield funded the deal with about $830 million of equity (Brookfield Business Partners invested roughly $210 million for a 25% interest) with the balance from institutional partners; Brookfield said it will apply its industrial operating expertise to grow Chemelex as an independent business.
- Buyers
- Brookfield Asset Management (private equity fund), Brookfield Business Partners, Institutional partners
- Targets
- Chemelex
- Sellers
- nVent Electric Plc
- Industry
- Manufacturing
- Location
- Texas, United States
- Transaction Type
- Buyout
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