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EagleTree Capital buys specialty chemical producer Gaylord Chemical

EagleTree Capital LP bought a majority stake in Slidell, La.-based specialty chemical producer Gaylord Chemical Co. LLC, on behalf of its EagleTree Partners IV fund.

The Alberta Teachers' Retirement Fund Board and Farol Asset Management LP also invested in the company.

Gaylord Chemical CEO Paul Dennis, alongside other existing investors, will remain as significant shareholders.

Gaylor Chemical makes dimethyl sulfide and dimethyl sulfoxide, environmentally safe and nontoxic solvents, used in agriculture, microelectronics, petrochemical, pharmaceutical and other end markets.

Lincoln International was the financial adviser for Gaylord Chemical, while Baker McKenzie LLP served as its legal adviser. Jones Day was the legal adviser for EagleTree Capital.

Angelo Gordon's middle-market direct lending unit, Twin Brook Capital Partners, was the administrative agent on the deal's financing.

The New York-based middle-market private equity firm targets companies mainly in the media and business services, consumer products, and water and industrial sectors.