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SK Capital Partners Set To Acquire Ipackchem From Sagard

SK Capital Partners, LP, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, today announced that its affiliate has entered into exclusive negotiations to acquire Ipackchem Group SAS a provider of sustainability-oriented barrier packaging, from the French private investment firm Sagard.

Jamshid Keynejad, Co-Founder and Managing Director at SK Capital, commented, “Given Ipackchem’s material science focus, differentiated product offering serving the specialty chemicals and crop protection end markets, and strong sustainability orientation, the Company fits very well within the SK portfolio.”

Stephen D’Incelli, Managing Director at SK Capital, added: 

"We feel privileged to be partnering with Jean-Philippe and the entire Ipackchem team to support management in achieving the next phase of the Company’s strategic vision.  We see tremendous organic and inorganic global growth opportunities to bolster Ipackchem’s strong market positions, penetrate adjacent end-markets, and expand into new geographies.  Ipackchem’s leadership in sustainable barrier packaging products aligns well with SK Capital’s strong commitment to sustainability and the Company’s innovative and environmentally friendly packaging solutions are uniquely positioned to address escalating recyclability challenges.”

Ipackchem has been owned by Sagard since 2017. Sagard Partners Antoine Ernoult‐Dairaine, Saïk Paugam, and Maxime Baudry said: 

"We are very grateful for the amazing work done by Jean-Philippe Morvan, Antoine Viguié, and the impressive executive team, in particular their dedication to growing the business and their commitment to delivering value.  Ipackchem is a landmark investment for us, delivering on all value creation levers, organic growth, investments in ESG and human resources, and external growth.  We deeply thank the team and are confident that the group would benefit from SK Capital Partners for its future development.”

The transaction is subject to approval and if confirmed is expected to close in the first half of 2021. Kirkland & Ellis acted as legal counsel and Rothschild & Co served as M&A and financial advisor to SK Capital.

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