Piper Sandler Advises Falcon Private Holdings on Sale of Aristech to Trinseo

Rhea-AI Summary

Piper Sandler & Co. announced it has advised Falcon Private Holdings on the sale of Aristech Surfaces LLC to Trinseo for $445 million. This acquisition will enhance Trinseo’s Engineered Materials segment. The transaction is expected to finalize within the year, pending regulatory approvals. Aristech is recognized for manufacturing continuous cast acrylic sheets utilized in various sectors, including wellness and construction. Trinseo, a global materials solutions provider, reported approximately $3.0 billion in net sales in 2020.

Positive

• Piper Sandler acted as exclusive financial advisor for a significant $445 million acquisition.
• The acquisition of Aristech will expand Trinseo's Engineered Materials segment.

Negative

• None.

Piper Sandler & Co. chemicals & materials investment banking group (The Valence Group) announced today that it has advised Falcon Private Holdings, LLC, on its sale of Aristech Surfaces LLC to Trinseo for $445 million in cash. The business will become part of Trinseo’s Engineered Materials segment. The transaction is expected to close this year, subject to customary closing conditions and regulatory approvals.

Piper Sandler acted as exclusive financial advisor to Falcon on the sale.

Falcon Private Holdings, LLC is the private investment arm of Jamshid Keynejad and Barry Siadat, co-founders and managing directors of SK Capital Partners. Falcon offers patient capital with a flexible investment horizon.

Aristech is a global leading producer of continuous cast acrylic sheet for the wellness, architectural, transportation and industrial markets. Aristech’s products are used for a variety of applications, including the construction of hot tubs, swim spas, counter tops, signage, bath products and recreational vehicles.

Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber with a focus on delivering innovative, sustainable and value-creating products to its customers in a wide range of end-markets, including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.0 billion in net sales in 2020. With the May 2021 acquisition of the PMMA business of Arkema, the company has 24 manufacturing sites around the world and approximately 3,500 employees.

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FAQ

What is the value of the sale of Aristech Surfaces by Falcon Private Holdings?

The sale of Aristech Surfaces LLC to Trinseo is valued at $445 million.

When is the Trinseo acquisition of Aristech expected to close?

The acquisition is expected to close this year, subject to customary closing conditions and regulatory approvals.

What role did Piper Sandler play in the sale of Aristech Surfaces?

Piper Sandler acted as the exclusive financial advisor to Falcon Private Holdings for the sale.

What is Trinseo's focus as a materials solutions provider?

Trinseo focuses on delivering innovative and sustainable materials for various end-markets, including automotive, medical devices, and construction.

How much did Trinseo report in net sales for 2020?

Trinseo reported approximately $3.0 billion in net sales for 2020.