News from Notch Consulting, Inc.

April 30, 2012

Triton to sell German coal tar chemical firm Ruetgers

Filed under: Carbon Black — Notch @ 6:25 am

Triton has started a sales process for Rütgers Group, a Germany-based manufacturer of chemical raw materials made from coal tar, according to market sources. Goldman Sachs is advising. The private equity firm bought Rütgers from Evonik Industries in late 2007, in a buyout supported through a €259 million, all-senior financing. Mediobanca arranged the facilities, which saw 11 banks join the syndicate.

Last year, Triton along with Rhône Capital acquired the carbon black business of Evonik Industries, which subsequently changed its name to Orion Engineered Carbons.

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