Petronas Chemicals, a firm that manufactures and sells a variety of petrochemicals, agreed to acquire Perstorp, a specialty chemicals company, from PAI Partners, a pre-eminent private equity firm, for $2.4bn. "Under the leadership of Jan Secher and the whole of Perstorp’s fantastic management team, the company has transformed over the past years, becoming a leading-edge precursor in sustainable and innovative specialty chemistry. As a team, we are extremely proud of the achievements to date and also to have supported the significant investments which have laid the foundations of the current and future profitable growth trajectory. We see a bright future in Perstorp, in particular within the Petronas Chemicals Group, and wish the team every success in their next chapter of growth," Fabrice Fouletier, PAI Partner.