TITLE

Private equity profits from PQ

AUTHOR(S)
Chang, Joe
PUB. DATE
June 2007
SOURCE
ICIS Chemical Business;6/11/2007, Vol. 2 Issue 70, p62
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that CCMP Capital Advisors has sold PQ Corp. for about double its initial purchase price because of a major improvement in its profitability, according to a source close to PQ. It cites that Carlyle Group is buying PQ Corp. for $1.5 billion. It notes that the earnings before interest, tax, depreciation and amortization (EBITDA) of PQ have increased substantially since the buyout.
ACCESSION #
25735712

 

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