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Sun European Partners affiliate agrees to sell Elix Polymers for €195M

An affiliate of Sun European Partners LLP entered into a definitive agreement to sell Elix Polymers SLU to Singaporean manufacturer Sinochem International (Overseas) Pte. Ltd. for €195 million.

The proposed deal is subject to customary regulatory approvals.

ELIX Polymers is a Spanish manufacturer of pre-colored acrylonitrile-butadiene-styrene resins, derivatives and tailor-made specialties used in the healthcare, automotive and consumer sectors, among others.

Sinochem International is a developer and supplier of chemical products, agricultural chemicals, metallurgy resources and rubber products.

Sun European Partners provides advisory services to Sun Capital Partners Ltd., a lower-middle-market private equity firm.

Alantra, Latham & Watkins, KPMG and AT Kearney provided advice to Sun European Partners.