Wilbur Ross’ Holding Co. Takes Majority Stake in Chemical Maker Nexeo

"WL Ross Holdings Corp. (Nasdaq: WLRH) has agreed to acquire a majority stake in Nexeo Solutions Holdings, LLC, a chemical and plastic distributor, from private equity firm TPG. WL Ross is a blank-check company formed by billionaire investor Wilbur Ross to make acquisitions. Ross is best known for investing in distressed companies. The deal values Nexeo at $1.6 billion.

Kirkland & Ellis and Skadden, Arps, Slate, Neagher & Flom LLP served as legal adviser to WL Ross."

This article appeared in its entirety in the March 21, 2016 edition of Mergers & Acquisitions.