American Securities’ acquisition of Prince International Corporation


Paul, Weiss, Rifkind, Wharton & Garrison, Von Wobeser y Sierra, Kirkland & Ellis and Creel, García-Cuéllar, Aiza y Enríquez advised on the deal

The parent company of Prince International Corporation and Prince Erachem International Corporation (“Prince” or the “Company”), a leading manufacturer of mineral-based specialty additives, and American Securities LLC (“American Securities”), a leading private equity firm, announced today that Prince has been acquired by affiliates of American Securities. Since 2003, Prince has been majority owned by affiliates of Palladium Equity Partners, LLC (“Palladium”).

Headquartered in Houston, Texas, Prince serves a diverse range of consumer and industrial end markets by developing, manufacturing and marketing performance-critical additives. Many of the Company’s products are custom developed for specific customer applications in a variety of industries, including construction, electronics, consumer products, agriculture, battery, automotive, oil & gas, and heavy equipment.

Under Palladium’s ownership, Prince has grown from a small, regional processor of minerals to become one of the largest global manufacturers of specialty mineral additives and inorganic chemicals. The Company is a proven consolidator, having closed 19 add-on acquisitions since 2003, and has built a multinational manufacturing presence with locations across six continents.

Prince combines international sourcing and processing capabilities with in-depth customer knowledge, world-class engineering, and value-added distribution to deliver essential inorganic specialty chemicals to diverse consumer and industrial markets. Formed through a series of acquisitions since 2003, Prince’s products enjoy widespread use in brick, glass, foundries, steel, oil & gas, specialty coatings, agriculture, water treatment, and numerous other industrial applications. Prince operates 25 processing facilities located across North America, South America, Europe, Asia, Australia and Africa.

Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA.

Palladium is a middle market private equity firm with approximately $3.0 billion of assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. Since its founding in 1997, Palladium has invested approximately $1.9 billion of capital in 30 platform investments and more than 100 add-on acquisitions. The firm focuses primarily on buyout equity investments in the range of $50 million to $150 million.

Kirkland & Ellis advised American Securities LLC. with Michael Weisser (Picture), Melissa Hutson, Suhan Shim, Jared Rusman y Toby Chun. Asociados Megan Ward Spelman, Ryan Roberts and Jennie Morawetz.

In Mexico, Creel, García-Cuéllar, Aiza y Enríquez advised

American Securities LLC. wiht Eduardo González, Edgar Ancona, Valeria José, Alfonso Pulido and Carlos Ruiz.

Paul, Weiss, Rifkind, Wharton & Garrison advised Prince International Corporation and Prince Erachem International Corporation with Neil Goldman, Monica Thurmond, Catherine Goodall, Brad Okun, Aidan Synnott, Peter Fisch, Claudine Meredith-Goujon y Robert Fleder. Consejeros Scott Grader, Peter Jaffe, Uri Horowitz y Marta P. Kelly.

In Mexico, Von Wobeser y Sierra, S.C. advised Prince International Corporation and Prince Erachem International Corporation with Andrés Nieto. and Alberto Córdoba Alvarez.

Involved fees earner: Andrés Nieto Sánchez de Tagle – Von Wobeser y Sierra SC; Alberto Córdoba – Von Wobeser y Sierra SC; Eduardo González – Creel, García-Cuéllar, Aiza y Enriquez SC; Edgar Ancona – Creel, García-Cuéllar, Aiza y Enriquez SC; Valeria José – Creel, García-Cuéllar, Aiza y Enriquez SC; Alfonso Pulido – Creel, García-Cuéllar, Aiza y Enriquez SC; Carlos Ruiz Romero – Creel, García-Cuéllar, Aiza y Enriquez SC; Neil Goldman – Paul Weiss Rifkind Wharton & Garrison; Monica Thurmond – Paul Weiss Rifkind Wharton & Garrison; Scott Grader – Paul Weiss Rifkind Wharton & Garrison; Brad Okun – Paul Weiss Rifkind Wharton & Garrison; Aidan Synnott – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Catherine Goodall – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Robert Fleder – Paul Weiss Rifkind Wharton & Garrison; Uri Horowitz – Paul Weiss Rifkind Wharton & Garrison; Peter Jaffe – Paul Weiss Rifkind Wharton & Garrison; Michael Weisser – Kirkland & Ellis; Megan Ward Spelman – Kirkland & Ellis; Melissa Hutson – Kirkland & Ellis; Suhan Shim – Kirkland & Ellis; Jared Rusman – Kirkland & Ellis; Ryan Roberts – Kirkland & Ellis; Toby Chun – Kirkland & Ellis; Jennie Morawetz – Kirkland & Ellis;

Law Firms: Von Wobeser y Sierra SC; Creel, García-Cuéllar, Aiza y Enriquez SC; Paul Weiss Rifkind Wharton & Garrison; Kirkland & Ellis;

Clients: American Securities LLC; Prince International Corporation;

Avatar

Author: Ambrogio Visconti