Clearlake-backed Alkegen completed the investment in Luyang Energy Savings Material.

Clearlake-backed Alkegen, one of the largest specialty materials platforms in the world, completed the investment in Luyang Energy Savings Material, a provider of energy-saving materials in the fields of ceramic fibers, soluble fibers, alumina fibers, and other high temperature insulating materials. Financial terms were not disclosed. "We couldn't be more excited to sponsor John and the Alkegen team in this complex, transformative transaction that we believe will create meaningful value for customers and stakeholders globally, and is a great example of Clearlake's O.P.S.® value creation playbook in action," Nate Mejías, Clearlake Principal.