Funds advised by SK Capital Partners, LP and Edgewater Capital Partners, LP, private investment firms focused on the specialty materials and specialty chemicals sectors, today announced having entered into exclusive negotiations following submission of their binding offer to acquire the scintillation and photonic crystals business of Saint-Gobain, S.A.. SK Capital will lead the investment with Edgewater acting as a meaningful minority shareholder with Board involvement.
SK Capital, Edgewater and Saint-Gobain are collaborating on a seamless transaction plan to enable the Company to continue serving its global customer base, employees and stakeholders. The definitive agreement between Saint-Gobain, SK Capital and Edgewater will be able to be finalized following completion of customary employee consultations within the Saint-Gobain group. The completion of the transaction is subject to the approval of certain regulatory authorities and should be effective before the end of the year.
Latham & Watkins LLP acted as legal counsel to SK Capital. Taft Stettinius & Hollister LLP acted as legal counsel to Edgewater.
Read more: Business Wire
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