# PETRONAS Chemicals Group to acquire Perstorp Group

PETRONAS Chemicals Group Berhad (PCG) has signed a Securities Purchase Agreement to acquire the entire equity interest in Perstorp Holding AB from Financière Forêt S.à.r.l, a company under PAI Partners.

- Type: Acquisition
- Announced: 2022-05-14
- Where: Malmö, Sweden, Sweden
- Value: $2.45B (2.30B EUR)
- Status: announced
- Products: specialty chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PAI Partners](https://endata.com/companies/2836.md) (investor)
- [PAI Partners](https://endata.com/companies/2836.md) (partner)
- [Petronas Chemicals Group Bhd](https://endata.com/companies/15828.md) (acquirer)
- [Perstorp](https://endata.com/companies/21777.md) (target)
- [PETRONAS Chemicals Group Berhad](https://endata.com/companies/61003.md) (acquirer)
- [Financière Forêt S.à.r.l](https://endata.com/companies/62901.md) (partner)

## Sources

- [perstorp.com](https://www.perstorp.com/en/news_center/pressreleases/2022/perstorp_group_to_be_acquired), 2022-05-17: "Perstorp is an outstanding strategic fit for PCG and enables us to participate in attractive end-markets such as paints and coatings, construction, plastic additives, personal care and food, feed & nutrition."
- [businesswire.com](https://www.businesswire.com/news/home/20220517006127/en/Piper-Sandler-Advises-PETRONAS-Chemicals-Group-Berhad-on-Acquisition-of-Perstorp), 2022-05-17: "Piper Sandler & Co. chemicals investment banking announced today that it has advised PETRONAS Chemicals Group Berhad (PCG) on its acquisition of Perstorp Holding AB."
- [fuelsandlubes.com](https://www.fuelsandlubes.com/petronas-chemicals-acquires-swedens-perstorp-for-usd1-6b/), 2022-05-18: "This landmark acquisition is a major milestone for PCG in establishing a key platform to diversify into the specialty chemical industry and capture new growth opportunities"
- [pcimag.com](https://www.pcimag.com/articles/keyword/2065-acquisitions?page=3), 2022-05-19: "Specialty chemicals provider Perstorp Group announced that it will be acquired by PETRONAS Chemicals Group Berhad (PCG)."
- [echemi.com](https://www.echemi.com/cms/672284.html), 2022-05-23: "On May 17, Malaysia's Petronas Chemicals Group announced that it had signed an agreement with a company under the European private equity firm PAI Partners on May 14, with 2.3 billion euros to acquire Swedish specialty chemicals giant Perstorp."
- [srpublication.com](http://www.srpublication.com/sustainable-specialty-chemicals-provider-perstorp-group-to-be-acquired-by-petronas-chemicals-group/), 2022-06-06: "Perstorp Group, a leading sustainability-driven global specialty chemicals company, today said that it is to be acquired by PETRONAS Chemicals Group Berhad (PCG)."

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