# PTTGC to acquire Allnex from Advent International for €4B

PTT Global Chemical Public Company Limited agreed to acquire Allnex, a global specialty chemical company focused on industrial coating resins, from Advent International for an enterprise value of €4.0 billion (approximately $4.75 billion). The acquisition is subject to regulatory approvals and is expected to close in Q4 2021.

- Type: Acquisition
- Announced: 2021-07-13
- Where: Germany
- Value: $4.75B (4.00B EUR)
- Status: announced
- Products: industrial coating resins, crosslinkers, additives, liquid resins, powder coating resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Advent International](https://endata.com/companies/430.md) (partner)
- [PTT Global Chemical Public Company Limited](https://endata.com/companies/15056.md) (acquirer)
- [Allnex](https://endata.com/companies/37840.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20210713006056/en/Piper-Sandler-Advises-PTTGC-on-Acquisition-of-Allnex-from-Advent), 2021-07-13: "Piper Sandler & Co. chemicals & materials investment banking group (The Valence Group) announced today that it has advised PTT Global Chemical Public Company Limited (“PTTGC”) on its acquisition of Allnex, a leading global specialty chemical company focused on industrial coating resins, from Advent "

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.