Spanning the Alliance Spectrum

We believe that solo acquisitions will become increasingly difficult and risky because of the large size and complexity of many chemical deals. Allying with chemical companies and other LBO firms with complementary skills and resources offers the opportunity to structure innovative acquisition, operation and exit deals. 

Cinven partnering with Investcorp to acquire Zeneca s specialty chemicals businesses (Avecia) is one such example. Another is the joint venture structured by Lehman Brothers with Hercules to acquire the Kelco biogums business from 

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