BroadPeak Global-Led Consortium to Buy DuPont Clean Technologies
February 1, 2021
NEW YORK and WILMINGTON, Del. and CHICAGO and RIYADH, Saudi Arabia – An international private equity consortium consisting of BroadPeak Global LP ("BroadPeak Global"), Asia Green Fund ("AGF") and The Saudi Arabian Industrial Investments Company ("Dussur") (collectively, the "Group") announced today that they have signed a definitive agreement whereby the Group will purchase the Clean Technologies business of DuPont de Nemours, Inc. ("DuPont") (NYSE: DD) for $510 million in cash. As part of the transaction, Tensile Capital Management LP is providing preferred equity financing. The transaction is expected to close in the second quarter of 2021 subject to customary closing conditions and regulatory approvals.
BroadPeak Global Debuts
BroadPeak Global LP, a new industrials, materials and chemicals private equity firm, debuts
November 23, 2020
NEW YORK – Mr. Stephen Toy, previously Founding Member and Co-Head of WL Ross & Co. LLC and Global Head of Private Equity at Invesco Private Capital; and Mr. Nadim Qureshi, previously Managing Partner and Head of Industrials and Chemicals at WL Ross & Co. LLC and Invesco Private Capital; have formed BroadPeak Global LP, an independent private equity firm dedicated to opportunistic buyouts and special situations transactions in the global industrials, materials and chemicals sectors. The two co-founders are joined by Mr. Geoffrey Lim and Ms. Jackie Zheng, both former senior investment professionals at Invesco Private Capital, and Mr. Ademola Adewale-Sadik.