Announced
Completed
Financials
Sources
Tags
Single Bidder
specialty materials
Acquisition
Cross Border
China
energy-saving materials
Public
Diversified Materials
Completed
Friendly
Majority
Private Equity
Synopsis
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.
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