Press Release

Kirkland Represents Cerberus and Koch in Acquisition of PQ Performance Chemicals

Kirkland & Ellis represents Cerberus Capital Management, L.P., and Koch Minerals & Trading, LLC, which today announced a partnership that has agreed to acquire the PQ Performance Chemicals business of PQ Group Holdings Inc. (NYSE: PQG) for approximately $1.1 billion. PQ Performance Chemicals is a leading global producer of sodium silicates, specialty silicas, and zeolites. The business supports a broad range of end uses, including for personal and industrial cleaning products, fuel efficient tires, surface coatings, and food and beverage products. 

Read more in Cerberus’ press release

The Kirkland team was led by transactional partner Douglas Ryder, associate Daniel Connelly and tax partner Sara Zablotney. The team also included tax partner Benjamin Schreiner and associate Amanda Milhet, debt finance partners Jay Ptashek and Mark Adler, technology & IP transactions partners Seth Traxler and Min Wang, and associates Jeffrey Seroogy and Melissa Moreno, and transactional associates Zahraa Hadi and Joe Nguyen, and law clerk Tarlochan Rakhra.