WL Ross Holding Corp. acquired Nexeo Solutions from TPG Capital for $1.64 billion. Deutsche Bank served as the lead advisor for the transaction. The acquisition was announced on March 21, 2016, and closed on June 9, 2016. The transaction involved upsizing a term loan and drawing from an ABL facility. Post-acquisition, Wilbur Ross became Chairman of Nexeo, and TPG retained a 41% equity stake. The deal was significant as the largest post-financial crisis de-SPAC transaction and the third largest chemical deal of the year.
documents/EFTA01369727.pdf
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