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.