BroadPeak Global LP Announces Change of Name; Rebranded as BPGC Management LP

Rhea-AI Summary

BroadPeak Global LP has rebranded to BPGC Management LP, effective immediately. The firm, established in May 2020, is led by Co-Founders Stephen Toy and Nadim Qureshi. BPGC now manages assets exceeding $1 billion across materials, chemicals, industrials, and shipping sectors. This name change follows the acquisition of DuPont's Clean Technologies business, now Elessent Clean Technologies, which was valued at $510 million and closed on December 31, 2021. BPGC focuses on opportunistic buyouts within these sectors.

Positive

• The company now manages a significant portfolio exceeding $1 billion in AUM.
• Successful acquisition of Elessent Clean Technologies, enhancing BPGC's position in process technology.

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• None.

NEW YORK, Jan. 14, 2022 /PRNewswire/ -- BroadPeak Global LP today announced its rebranding to BPGC Management LP ("BPGC"), with the change of name effective immediately.  The Firm was established in May 2020 by Co-Founders Stephen Toy and Nadim Qureshi, and includes Principals Ademola Adewale-Sadik and Nick Peterson.  BPGC manages a portfolio of businesses and assets in the materials, chemicals, industrials and shipping industries, with a combined AUM of over $1 billion.

The name change follows the completed acquisition of the Clean Technologies business of DuPont du Nemours, Inc. (NYSE: DD), now known as Elessent Clean Technologies ("Elessent"). BPGC led an international private equity consortium to acquire Elessent, a global leader in process technology licensing & engineering.  Its portfolio of offerings in key applications includes – MECS^® sulfuric acid production, STRATCO^® alkylation, BELCO^® wet scrubbing and IsoTherming^® hydroprocessing.

The $510 million Elessent acquisition was announced on February 1, 2021 and closed on December 31, 2021.

About BPGC
BPGC Management LP ("BPGC") is an independent private equity firm dedicated to opportunistic buyouts and special situations transactions in the global industrials, materials and chemicals sectors. BPGC's Co-Founders, Stephen Toy and Nadim Qureshi, previously served in various leadership roles at Invesco Private Capital and WL Ross & Co. and share a deep heritage of successfully operating and investing across multiple geographies. BPGC is headquartered in New York City. Learn more at www.bpgc.com.

Media Contact:
Stephen Toy
+1 917-459-5783

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SOURCE BPGC Management LP

FAQ

What is the new name of BroadPeak Global LP?

BroadPeak Global LP has rebranded to BPGC Management LP.

When was the acquisition of Elessent Clean Technologies completed?

The acquisition of Elessent Clean Technologies was completed on December 31, 2021.

What is the value of the Elessent acquisition?

The Elessent acquisition was valued at $510 million.

What industries does BPGC Management LP operate within?

BPGC Management LP operates within the materials, chemicals, industrials, and shipping industries.

Who are the co-founders of BPGC Management LP?

The co-founders of BPGC are Stephen Toy and Nadim Qureshi.