Heubach Group plans new financing for Clariant Pigments purchase

By Sara Rosenberg

New York, June 14 – The Heubach Group has received a commitment for financing from BofA Securities and Citi to help fund its acquisition, in partnership with SK Capital Partners, of Clariant’s pigments business, according to a news release.

The transaction values the Clariant Pigments at about CHF 805 million, with additional consideration of CHF 50 million contingent on the 2021 financial performance of the unit.

As part of the transaction, Clariant will be reinvesting for a minority stake in the combined business.

Closing is expected in the first half of 2022, subject to customary conditions and approvals.

Heubach is a Langelsheim, Germany-based producer of organic, inorganic, and non-toxic anti-corrosive pigments. Clariant Pigments is a provider of organic pigments, pigment preparations and dyes.

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