People & Business :: People/Executives
Chemical Finance Digest, Dec. 12-16
12:00 PM MST | December 20, 2011 | Vincent Valk
Topping the headlines last week, Apollo Management announced plans to acquire Taminco from another private equity firm, CVC Capital Partners. Apollo beat out several other private equity firms for Taminco, which was put on the block in September. CVC bought Taminco in 2007 for about $1.05 billion, and briefly considered an IPO for the business, which was scuttled due to the financial crisis in 2008 and 2009. Earnings news last week focused largely on the outlook for next year. DuPont’s outlook beat Wall Street expectations, even as the company cut guidance...
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