MINNEAPOLIS – Piper Sandler & Co. Chemicals and Materials Investment Banking Group (The Valence Group) has advised EverArc Holdings on the announced acquisition of 100% of Perimeter Solutions from SK Capital.
EverArc Holdings Limited (LSE: EVRA / EVWA) has entered into a definitive agreement with SK Invictus Holdings S.à.rl, a fund subsidiary advised by SK Capital Partners, to acquire 100% of SK Invictus Intermediate S.à.rl, the latest parent company of Perimeter Solutions, a leading global manufacturer of high-quality fire extinguishing products and lubricant additives, for a total consideration of approximately $ 2 billion, consisting of cash and preferred stock, subject to closing conditions usual. The transaction is expected to close in the fourth quarter of 2021.
EverArc Holdings Limited (LSE: EVRA / EVWA) is a publicly traded acquisition company and was formed in November 2019 to undertake the acquisition of a target company or business.
Perimeter is a world leading manufacturer of high quality fire fighting products and lubricant additives. The fire safety business includes the formulation and manufacture of fire management products along with pretreatment services and solutions for the management of forest, military, industrial and municipal fires. The Oil Additives business produces high quality phosphorus pentasulfide (“P2S5”) used in the preparation of zinc dialkyldithiophosphate (“ZDDP”) lubricating additives, which provide critical antiwear solutions for end customers.
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