Chase Corporation $1.3 billion acquisition by KKR
We are advising Chase Corporation on the transaction
Davis Polk is advising Chase Corporation on its approximately $1.3 billion acquisition by an affiliate of investment funds managed by KKR. Under the terms of the agreement, KKR will acquire all outstanding shares of Chase common stock for $127.50 per share in cash. The transaction is expected to close in the fourth quarter of 2023, subject to the receipt of approval from Chase Corporation’s shareholders and certain required regulatory approvals, as well as the satisfaction of other customary closing conditions.
Chase Corporation, a global specialty chemicals company that was founded in 1946, is a leading manufacturer of protective materials for high-reliability applications throughout the world.
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities.
The Davis Polk corporate team includes partner Daniel Brass and counsel Lisa Ogust Cammer. Partner Jennifer S. Conway and counsel Kevin A. Brown are providing executive compensation advice. Counsel Michael Comstock is providing environmental advice. Counsel Jack Orford is providing finance advice. Partner Matthew J. Bacal is providing intellectual property advice. Partner Corey M. Goodman is providing tax advice. Partner Ronan P. Harty is providing antitrust and competition advice. All members of the Davis Polk team are based in the New York office.