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Archive for month: February, 2016

You are here: Home » News » 2016 » February

Speyside Equity acquires the majority of Oxxynova GmbH February 2016

15 Feb 2016

OXXYlogo_trans

Speyside Equity (“Speyside”) is pleased to announce that it has acquired the majority of Oxxynova GmbH (“Oxxynova”), a German chemical company that predominantly produces and markets dimethyl terephthalate (“DMT”) for the European polyester industry.

Oxxynova, located in Steyerberg, Germany and established through the former Dynamit Nobel AG, has been producing liquid DMT since 1977. The Company has established itself as the leading manufacturer of DMT through proprietary technology and by mastering the Witten-Katzschmann method. Oxxynova produces high purity and outstanding quality liquid DMT used in the polyester fiber industry throughout Europe. The Company also produces various DMT-related xylol derivatives to be marketed for special use and is involved in the development and disposal of chemical by-products.

Commenting on the acquisition, Speyside partner Oliver Maier said: “We are excited to announce our acquisition of Oxxynova. The Company has established itself as a leader in the DMT market and in Europe and continues to innovate in this and related fields. This acquisition is a great fit within Speyside’s focus on the specialty chemical industry. We have created a great partnership with Oxxynova and look forward to helping the management team continue its successful track record.”

For further information, please contact:

Speyside Equity:
Michael Haanpaa
1500 Broadway, Suite 810
New York, NY 10036
USA
T: +1 212 994 0308 x 208
michael.haanpaa@speysideequity.com
www.speysideequity.com

About Speyside Equity:

Speyside Equity invests in middle-market industrial businesses with a history of profitability and strong market positions. It has a focus on the industrials, chemicals and food sectors with an affinity for cross-border deals, and spin-offs of large multinationals. Target investments are typically headquartered in developed markets in the United States and Europe, and valued at US$20-200 million.

 

SPEYSIDE CLOSES $130 MILLION INAUGURAL BUYOUT FUND

02 Feb 2016

Speyside Private Fund Advisers LLC Will Continue Investment Focus on Special Situation Opportunities in Specialty Chemicals, Industrials/Metal Forming & Food Ingredients

DETROIT, MI; February 2, 2016 – Speyside Private Fund Advisers, LLC (“Speyside”), a special situations buyout firm, has announced the closing of Speyside Equity Fund I LP (the “Fund”), a $130 million buyout fund that will focus on investment opportunities in specialty chemicals, industrials/metal forming & food ingredients businesses and continue the disciplined investment approach that Speyside has successfully executed for the past 10 years.

Investors in Speyside Equity Fund I LP include a blue chip roster of leading institutional limited partners such as, endowments, foundations, insurance companies, fund of funds, public and private pensions, and family offices. The Fund was closed in less than 4 months of fundraising and was four times oversubscribed to its original $75 million target.

“We wanted to move toward a more traditional investor base in Speyside Equity Fund I LP and we are grateful to welcome such high caliber institutions as partners,” said Managing Director Jeffrey A. Stone. “The strong response we received during the fundraising process is a testament to our team and the success we have had utilizing our own capital to generate outsized returns. We look forward to investing the Fund and continuing our tradition of uncovering unique opportunities in industries we know well.”

Speyside Equity Fund I LP will be managed by a seasoned group of operations and investment professionals who have worked together for many years and have substantial investing, operating and industry experience. The investment team’s diverse and complementary backgrounds give Speyside a strong combination of industrial, entrepreneurial, operational and transactional expertise.

The Fund’s placement advisor was GCA Savvian Advisors, LLC and Fund counsel was Proskauer Rose LLP.

About Speyside Private Fund Advisers LLC

Formed in 2005, Speyside employs an operationally intensive approach to investing in specialty chemicals, industrials/metal forming & food ingredients businesses. It targets companies with a history of strong revenue, a defensible position in their respective markets, and a core group of managers that can move the business forward. Speyside prefers situations where there are opportunities to leverage its operating expertise to improve financial performance and create sustainable long-term value.

Since its formation, Speyside has successfully executed numerous platform investments and add-on acquisitions using its own capital. The team made its first investment in Sweet Ovations, a food ingredient company, in 2005 and had its first exit in 2010 when it sold Stahl Specialty Company. This principal-driven investment philosophy and approach will continue in its recently closed fund. speysideequity.com

About GCA Savvian Advisors, LLC

GCA Savvian is a premier global investment bank serving growth companies through a range of services that include mergers and acquisitions, capital markets, private funds and restructuring advisory. GCA Savvian professionals deliver deep expertise in a range of industries such as technology, media & digital media, communications, healthcare, financial institutions, industrials, consumer and retail. The firm is headquartered in San Francisco, with global offices in Tokyo, New York, London, Mumbai, Osaka, Shanghai, and Singapore. GCA Savvian’s Private Funds team leverages over 85 years of combined transaction experience and multiple successful fundraisings for a variety of private equity strategies. The private funds group team members have raised capital for domestic and international buyout, venture capital, mezzanine, restructuring/turnaround, growth capital and real asset funds.
www.gcasavvian.com/capabilities/private-funds-group

About Proskauer Rose

Proskauer is a leading global law firm focused on creating value for its clients. Headquartered in New York, Proskauer has more than 700 lawyers active in virtually every major market worldwide. Proskauer is one of the most active law firms in the private equity industry and provides a comprehensive range of services to clients globally, from fund formation to exits to everything in between. www.proskauer.com

# # #

Contact:

Jeffrey A. Stone
Managing Director
Speyside Private Fund Advisers LLC
E: 
jeffrey.stone@speysideequity.com
T. 212 994 0308 x 204

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