Deal Snapshot
INVESTOR GROUP CLOSES ACQUISITION OF US ADVANCED MATERIALS COMPANY MPM HOLDINGS
Friday 17 May 2019

An investor group consisting of investment firm SJL Partners LLC, South Korean chemicals manufacturer KCC Corp. (KS: 002380) and South Koran quartz and ceramic wares maker Wonik QnC Corp. (KOSDAQ: 074600) has completed the acquisition of US-based silicones and advanced materials company MPM Holdings Inc. (OTCQB: MPMQ) (Momentive), the principals said.
On May 15, Momentive became a wholly owned subsidiary of the Investor Group and ceased to be traded on the OTCQB.


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Details
Date Published: 17/05/2019
Target: MPM Holdings Inc. (Momentive)
Country: USA
Deal Size: 3.1bn (USD)
Sector: Chemicals
Type: LBO
Financing: Cash
Status: Closed
Vendor:
Buyer: SJL Partners, KCC Corp, Wonik QnC Corp
Buyer Advisor: UBS Investment Bank , Greenberg Traurig
Comment:


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