CBPE Capital’s Acquisition of Aquaspersions

Reed Smith advised CBPE Capital on the deal. Addleshaw Goddard, Skrine and PwC Corporate Finance acted for the founding family shareholders. Travers Smith LLP has advised HSBC.

Private equity firm CBPE Capital, which invests in businesses in the UK mid- market, executed its acquisition of Aquaspersions, a specialist chemicals manufacturer based in the UK and Malaysia, from the founding family shareholders.

Aquaspersions manufactures specialist chemicals for the global polymer industry. Its products allow for the dispersion of additives into polymer materials such as rubber, latex, adhesives, coatings and plastics.

CBPE is investing alongside management in order to support the continued growth of the business. The business will continue to operate from its existing facilities in Halifax (England) and Kuala Lumpur (Malaysia). The investment in Aquaspersions continues CBPE’s successful track record of investing in chemicals businesses, including most recently SAFECHEM Gmbh.

The Reed Smith team advising CBPE was led by corporate partner Sam Webster (Picture) and banking partner Nicholas Williams, supported by Ravi Pattani, Victoria Bryden, James Hatchard and Lily Wu (Corporate), Caspar Fox and Tom Baxter (Tax) and Nicole Abbott (Banking).

The Skrine deal team was led by M&A Partner Fariz Abdul Aziz and supported by Associate Jeralyn Kan. The deal team was further supported by lawyers within Skrine, including Regulatory Compliance Partner Lim Koon Huan, Data Protection Laws Partner Jillian Chia, Employment Partner Foo Siew Li and Real Estate Partner Oon Hooi Lin and Associate Catherine Looi.

The Addleshaw Goddard Corporate team was Richard Hunt, Carly Gulliver, Caera Loughran and Nazaneen Ahmadi.

The Travers Smith team was led by Head of Finance Matthew Ayre with support from Senior Associate Will Sheridan and Associate Jason Larkins.

Involved fees earner: Carly Gulliver – Addleshaw Goddard; Richard Hunt – Addleshaw Goddard; Caera Loughran – Addleshaw Goddard; Nicole Abbott – Reed Smith; Thomas Baxter – Reed Smith; Victoria Bryden – Reed Smith; Caspar Fox – Reed Smith; James Hatchard – Reed Smith; Ravi Pattani – Reed Smith; Sam Webster – Reed Smith; Nicholas Williams – Reed Smith; Lily Wu – Reed Smith; Fariz Abdul Aziz – Skrine; Jillian Chia – Skrine; Siew Li Foo – Skrine; Jeralyn Kan Tsui-Fen – Skrine; Koon Huan Lim – Skrine; Catherine Looi – Skrine; Hooi Lin Oon – Skrine; Matthew Ayre – Travers Smith; Jason Larkins – Travers Smith; Will Sheridan – Travers Smith;

Law Firms: Addleshaw Goddard; Reed Smith; Skrine; Travers Smith;

Clients: Aquaspersions (M) Sdn Bhd; CBPE Capital LLP; HSBC; Richardson Agnes; Richardson Geoffrey; Richardson Michael; Robbins Helen;

Author: Federica Tiefenthaler