Advent Emerges as Frontrunner for Carbon Black

Private equity firm Advent is the frontrunner in the bidding for the Carbon Black unit of German chemical maker Evonik, Reuters reported. Advent is among three investors who have made bids of about 1 billion euros ($1.39 billion) for the business, which supplies carbon particles used in tires, laser printer and photocopier toners, Reuters wrote.

Biggest January for M&A in More than 10 Years — Report

Deal making and refinancings are off to a very strong start this year. January posted the fastest month in mergers since 2000, according to Dealbook, citing data from Thomson Reuters (publisher of peHUB). Globally, M&A rose 69% to $309.6 billion in January from the same period a year earlier, DealBook reported. In the United States, […]

PE Firms Eye Unit of Chemical Maker Evonik

India’s RPG Group and private equity firm Advent are among the bidders for the Carbon Black unit of Germany’s unlisted chemical maker Evonik Industries, Reuters reported. Advent is one of two U.S.-based private equity firms interested in the business unit, Reuters said.

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