Private equity firms have historically played a very active role as investors in the chemical industry beginning in 1998. Their involvement started after the first highly publicized successes of Gordon Cain and D. George Harris showed the world that one can understand the complexities and regulatory aspects of chemicals and make great returns. Private equity investments have evolved over the years from the original simple buyouts to carve outs, roll-ups, debt restructurings, growth and improvement strategies, etc.
But private equity is now facing a very different set of dynamics with regard to chemical industry investing as the business world has changed and the M&A dynamics have shifted away from their strengths and preferences. Mr. Kichler and Mr. Young will provide the audience with a candid view of what is working and what is not working, and how they see the future for the private equity players as both buyers and sellers of chemical businesses.
This panel brings together a very successful and experienced chemical private equity investor with an experienced chemical investment banker with years of experience advising and negotiating with private equity firms. In addition, both are senior members of firms that have extensive chemical industry experience.
Each speaker will give a presentation followed by a discussion and questions from the audience.
About our Speakers:
CVC Capital Partners
|| Peter Young,
President and Managing Director,
Young & Partners
Thomas J. Kichler
Tom has had extensive experience as an investor in chemical companies during his private equity career. Currently he is a Partner and the US Head of Industrials and Energy at Cvc Capital Partners Sicav-Fis S.A. Mr. Kichler serves as Partner at CVC Capital Partners Limited and serves as its US Head of Industrials and Energy. He joined CVC in 2016. From 2002 until 2016 he was a Managing Director and Partner at One Equity Partners LLC/OEP Capital Advisors, L.P. Previously, Mr. Kichler served as a Managing Director at Citigroup CIB and also worked at Salomon. He also was in investment banking professional at Wasserstein Perella and at Ernst & Young. Mr. Kichler received a BSE from the Wharton School at the University of Pennsylvania. He is a Certified Public Accountant.
CVC is one of the largest and most successful private equity firms, with a global presence and a long track record of investing in the chemical industry. Established in 1981, CVC has $69 billion of assets under management, $111 billion of funds committed and a global network of 24 local offices: 15 across Europe and the Americas and nine in the Asia Pacific region.
Peter manages Young & Partners, the international chemicals and life sciences investment banking firm and is also actively involved in client transactions and financings. He has been an advisor to many private equity firms over the years. Young & Partners has established and maintained its position as a leader in the industry. The firm is in its 23nd year. Prior to 1996, Mr. Young was Global Head of Chemicals Investment Banking at Lehman Brothers where he oversaw the worldwide efforts of Lehman in Chemicals. Previously he was head of the Chemical Groups at Salomon Brothers and Schroders. Early in his career while with Bain & Co., Mr. Young provided strategic advice to major chemical and life science companies. He also was a senior executive of J.H. Whitney & Co., one of the oldest venture capital firms, founded by the Whitney family, where he invested in pharmaceutical, biotech, and technology companies.
As an investment banker, Mr. Young has been a financial advisor to a wide variety of leading chemical and life science companies globally with regard to strategic financial advice, mergers, acquisitions, restructurings and capital raising. Mr. Young received an M.B.A. from the Harvard Business School (Baker Scholar with Highest Distinction), an M.S. in Accounting from New York University and a B.A. in Economics from Yale University. He is a Certified Public Accountant and a Chartered Global Management Accountant.