Clearwater toasts 8th chemicals deal

DEALMAKERS from the Manchester office of Clearwater Corporate Finance have advised on another international deal in the chemicals sector – the firm’s eighth in the last 20 months.

The latest transaction was the sale of Irish company AgriGuard, a Dublin-based developer of chemicals to protect crops to Mitsui Agriscience International, the European subsidiary of a Japanese group.

Partner, Philip Nuttall, led the deal team for Clearwater, supported by senior chemicals analyst, Constantine Biller, and director, Jon Mercer.

Clearwater undertook an international search and selection process, identifying MASI as the most appropriate buyer for AgriGuard.

Philip Nuttall said: “Taking into account MASI’s highly ambitious growth targets for its crop chemicals companies in Europe, and AgriGuard’s strong product portfolio and development capabilities, this strategic acquisition is a good fit for both parties, and represents the realisation of value for our client.”

Mr Biller added: “Multinational chemicals companies, primarily based in Asia and North America, are increasingly looking to Europe for growth, consolidating the global market. This deal follows the pattern.”