Platinum Equity completed the acquisition of Solenis, a water treatment company, from CD&R and BASF, a chemical concern, for $5.25bn. "As a leader in sustainability, Solenis has been helping its customers tackle these complex challenges for more than 100 years. It is an exceptionally well-run organization with an outstanding management team and a service-oriented culture. We believe in the company's mission and we are excited to invest in its continued growth and expansion," Jacob Kotzubei, Platinum Equity Partner.