OQ Chemicals Acquired by Strategic Value Partners and Blantyre Capital
Deal News | Apr 09, 2025 | PR Newswire Cision Strategic Value Partners, LLC
Strategic Value Partners, LLC (SVP), a global alternative investment firm, and Blantyre Capital Limited have completed the acquisition of OQ Chemicals, a leading global producer of oxo chemicals. As part of the acquisition, OQ Chemicals will revert to its heritage name of OXEA. OXEA is renowned for manufacturing oxo intermediates and oxo performance chemicals such as alcohols, polyols, and carboxylic acids, serving vital sectors including paints, lubricants, pharmaceuticals, and more. The company has significant operations in Germany and Texas, employing over 1,200 people globally and marketing its products in over 60 countries. The acquisition is positioned to capitalize on OXEA's strategic market positions and innovation capabilities, with both SVP and Blantyre expressing enthusiasm for partnering with the OXEA team to drive growth and strategic industry positioning. Advisory services for the transaction were provided by Kirkland & Ellis, Akin, and Lazard.
Sectors
- Chemicals
- Private Equity
- Investment Management
Geography
- United Kingdom – Blantyre Capital, one of the acquiring firms, is based in London, United Kingdom.
- United States – Strategic Value Partners has major offices in the United States. Additionally, OXEA has significant production facilities in Texas.
- Germany – OXEA, formerly OQ Chemicals, has primary production sites in Germany.
Industry
- Chemicals – The article focuses on the acquisition of a company within the chemicals industry, specifically oxo chemicals which are essential for various sectors including pharmaceuticals and automotive.
- Private Equity – The article involves a transaction led by Strategic Value Partners and Blantyre Capital, both of which are prominent firms in the private equity space.
- Investment Management – Both Strategic Value Partners and Blantyre Capital are investment management firms involved in the acquisition, focusing on strategic investments and capital deployment.
Financials
- $22 billion – Assets under management by Strategic Value Partners.
- €2.7 billion – Long-term capital commitments managed by Blantyre Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OQ Chemicals | Target | Company | A global producer of oxo chemicals, now renamed OXEA. |
| Strategic Value Partners | Bidding Company | Company | A global alternative investment firm managing approximately $22 billion in assets. |
| Blantyre Capital | Bidding Company | Company | A London-based investment manager specializing in middle market equity and debt special situations. |
| Kirkland & Ellis | Legal Advisor | Company | Provided legal advisory services to the bidding companies. |
| Akin | Legal Advisor | Company | Provided legal advisory services to the bidding companies. |
| Lazard | Financial Advisor | Company | Served as financial advisor for the transaction. |
| HJ Woltery | Co-Head of the European Investment Team | Person | A representative from Strategic Value Partners commenting on the acquisition. |
| Mubashir Mukadam | Chief Investment Officer | Person | Chief Investment Officer at Blantyre Capital, provided comments on the transaction. |