Private Equity Firms Owned Chemical Distributors

This article is a follow up on the article Tay and Chelliah [2013] where at that time five of the world's top chemical distributors are owned by private equity firms. This paper will revise the information on the global chemical market sales and the market size available for chemical distributors. This discussions and anayses will cover the private equity owned chemical distributors whom have undergone primary and secondary buyouts, and also initial public offerings, namely Brenntag, IMCD and Univar. The value creation drivers, operational performances improvements, leverage and multiple expansion, were used to evaluate the performances of the companies after they have undergone IPOs. For Brenntag, the three value creation drivers were also used to evaluate their performances after their primary and secondary buoyouts.