MEDIA RELEASE PR41438
The Valence Group Announces Successfully Advising DSM on its Sale of Citrique Belge to Adcuram
LONDON, Sept. 24 /PRNewswire-AsiaNet/ --
The Valence Group announces that it has successfully advised Royal DSM N.V., on the sale of Citrique Belge to
Adcuram. The intended sale is expected to close in Q4 2010, subject to customary approvals and notifications.
Both parties have agreed not to disclose financial details at this time.
Citrique Belge reported over euro 100 million in sales in 2009.
Kirk McIntosh, Partner, said: "We are very excited to be working with DSM
and proud to have played a role in their strategic realignment. Our
successful relationship is further evidence that The Valence Group remains
the premier advisor to the global chemicals industry."
About The Valence Group
The Valence Group is a specialist M&A boutique offering advisory services
exclusively to companies and investors in the chemicals, materials and
related sectors. The firm has developed broad and deep transactional
expertise: sell-side, buy-side, joint venture, private companies, public
offers, corporate carve-outs, LBOs and management buy-outs. The founders and
senior members of The Valence Group have worked together for between 10 and
15 years and collectively have more than 130 years of transactional
experience gained both at major investment banks and within chemical
companies. The firm's offices are located in London, New York and Shanghai.
SOURCE The Valence Group
CONTACT: Paul Lakind, Chief Administrative Officer, +1-212-847-7339,
plakind@valencegroup.com
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