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TPG Acquires Stake in M&G Chemicals

M&G Chemicals announced this week it has completed its issue of the USD 300 million in new equity to TPG Opportunities Partners and affiliated funds (“TPG”), as first announced November 13, 2014.

All customary regulatory approvals were recently received, paving the way for execution of the transaction.

As a part of the issuance of new equity, TPG has taken a minority stake in the Company. Marco Ghisolfi, CEO of M&G Chemicals, welcomed TPG on Thursday, January 15, at M&G Chemicals’ new Board of Directors meeting. 
Rothschild served as financial advisor to M&G Chemicals.  Allen & Overy acted as legal advisors to M&G Chemicals.

(www.downstreamtoday.com Edited by Topco)