TorQuest closes $417 mln sale of Pinova Holdings to Symrise
Canadian private equity firm TorQuest Partners has closed its sale of portfolio company Pinova Holdings Inc to Symrise AG. The deal, announced last September, had a total consideration of US$417 million. Jefferies LLC, Jones Day and Stikeman Elliott LLP advised Pinova on the transaction. Based in Brunswick, Georgia, Pinova is a maker of natural and renewable specialty chemicals. It was carved out of Ashland Inc by TorQuest for US$75 million in 2010. Last month, TorQuest sold another portfolio company, Array Marketing, to The Carlyle Group for an undisclosed amount.
8 January 2016•3 mins read
