Kirkland & Ellis advised investment firm KKR on the $1.3 billion acquisition of global specialty chemicals maker Chase Corporation (NYSE: CCF). KKR agreed to pay shareholders $127.50 per share, which is a valuation of 13 times the trailing-twelve-months Ebitda. The deal is expected to close during the fourth quarter of 2023 and is not subject to financing conditions. Chase manufactures protective materials for high-reliability applications across multiple sectors. KKR is investing in Chase through its North America Fund XIII.
The Kirkland team was led by corporate partners Jennifer Perkins, David Klein, Chelsea Darnell and Colin Zelicof; debt finance partners Eric Wedel and Matthew Leist; tax partners Mike Beinus and Adam Kool; executive compensation partners Rohit Nafday and John Kleinjan; and environmental partner Michael Saretsky.