The Valence Group Announces its Third Transaction of 2011 After Successfully Advising Tessenderlo Group on its Sale of Tessenderlo Fine Chemicals (TFC, Ltd)By The Valence Group, PRNE
Monday, January 31, 2011
LONDON, February 1, 2011 - The Valence Group announces that it has successfully advised Tessenderlo
Group (NYSE Euronext: TESB) on its sale of Tessenderlo Fine Chemicals (TFC,
Ltd) to Tennants Consolidated Ltd., a leading UK privately held chemical
manufacturing and distribution group.
(Logo: photos.prnewswire.com/prnh/20110118/NY30970LOGO )
Frank Coenen, Tessenderlo Group CEO, said, "This transaction represents a
step forward in our strategy of reshaping the group's activities. The group
will continue its focus on specialty products and services, especially
sustainable products made from by-products of other industries." Mr. Coenen
went on to say, "The advice we received from the Valence Group was
particularly important as we considered this sale. Their expertise in
chemical industry mergers and acquisitions proved to be extremely valuable."
Ariel Levin, Partner, said: "We are very excited to be working with the
Tessenderlo Group and proud to have played a role in this transaction. Our
successful relationship is further evidence that The Valence Group remains
the premier advisor to the global chemicals industry."
About the Tessenderlo Group
Tessenderlo Group is an international chemicals company with over 100
locations worldwide. More than 8,000 people work for the group. The group is
a world and European leader in most of its product areas with a consolidated
revenue totaling 2.1 billion EUR in 2009. Tessenderlo Chemie NV is listed on
Eurolist by Euronext Brussels and is part of Next 150 and BelMid indices.
About The Valence Group
The Valence Group is a specialist M&A boutique offering advisory services
exclusively to companies and investors in the chemicals, materials and
related sectors. The firm has developed broad and deep transactional
expertise: sell-side, buy-side, joint venture, private companies, public
offers, corporate carve-outs, LBOs and management buy-outs. The founders and
senior members of The Valence Group have worked together for between 10 and
15 years and collectively have more than 130 years of transactional
experience gained both at major investment banks and within chemical
companies. The firm's offices are located in London, New York and Shanghai.
Paul Lakind, Chief Administrative Officer, +1-212-847-7339, plakind at valencegroup.com
Tags: England, February 1, London, The Valence Group