Kano Laboratories Acquired by L Squared Capital Partners

L Squared Capital Partners has announced the acquisition of Kano Laboratories, marking the private equity firm's fourth platform investment within its Fund IV. Kano Laboratories, an established provider of premium consumable chemical solutions for industrial maintenance, repair, and operations, has a longstanding history of 85 years in the industry. The partnership with Kano’s management aims to bolster the company’s organic growth and expedite its acquisition strategy. This transaction signifies L Squared’s commitment to expanding its footprint in the specialty chemicals sector, especially targeting businesses that serve the industrial segment. With a fund size of $840 million, closed in April 2023, Fund IV is dedicated to investing in promising growth opportunities, with Kano Laboratories being a pivotal addition. The acquisition not only strengthens Kano’s market position but also aligns with L Squared’s strategic objectives in specialty chemicals industries.