SK Capital to Acquire Three Businesses of Clariant

  SK Capital to Acquire Three Businesses of Clariant

                   Investing to Grow Global Market Leaders

Business Wire

NEW YORK -- December 27, 2012

SK Capital Partners, a US-based private investment firm, announced today that
it has signed asset and share purchase agreements to acquire the Textile
Chemicals, Paper Specialties, and Emulsions businesses of Clariant (SWX:CLN).
These global divisions possess strong brands and leading technologies in dyes,
pigments, emulsions and surface active chemicals used in the textile, paper,
coatings, construction and adhesive industries. Together, the businesses
generate revenues of approximately $1.3 billion, operate from 25 facilities
around the world and employ approximately 3,000 employees. The transaction
value is approximately $500 million in cash and SK Capital will be assuming
certain pension liabilities.

With a disciplined focus on the specialty materials, chemicals and healthcare
sectors, SK Capital has significant relevant experience gained through both
previous and current investments in the textile, fiber and nylon chemicals
sectors, as well as deep knowledge of the end markets served by the
businesses. The acquisition is consistent with SK Capital’s strategy of
acquiring niche market leaders with strong brands, technologies and underlying
growth trends and actively supporting management in building thriving
businesses with sustainable competitive advantages.

Barry Siadat, a Managing Director of SK Capital, noted, “We are delighted to
partner with the management and employees of these businesses to build upon
their strong technology, brand, and leading market positions to more
efficiently serve their large and growing global markets and customers. We
believe these businesses provide an attractive platform to capitalize on their
overlaps in technology, manufacturing, supply chain and logistics.”

"We believed SK Capital was a logical buyer of these businesses because of
their strong track record of acquiring global chemicals businesses and their
ability to transition non-core divisions of large public companies into strong
stand-alone entities," added Clariant CEO Hariolf Kottmann.

SK Capital Managing Director Aaron Davenport added, “This acquisition of three
businesses in a single transaction caps a year in which we have announced or
closed two other corporate carve outs and a public to private deal. All of
these transactions have been within our sectors of focus and are opportunities
that we believe can benefit from our focused approach to growth and

The transaction is expected to close by the end of the second quarter of 2013.

Morgan, Lewis & Bockius LLP and Bär & Karrer AG acted as legal counsel to SK
Capital. Jefferies & Company, Inc. served as financial advisor to SK Capital
and provided committed financing to support the transaction. Homburger AG
acted as legal counsel and Citigroup Global Markets Limited served as
financial advisor to Clariant.

About SK Capital

SK Capital is a private investment firm with a disciplined focus on the
specialty materials, chemicals and healthcare sectors. Our integrated,
multi-disciplinary team utilizes its industry, operating and investment
experience to help transform businesses into higher performing organizations.
Located in New York, NY and Boca Raton, FL, we are currently investing from SK
Capital Partners III, L.P., a $500 million fund of committed capital. Our
portfolio companies generate revenues of over $6.0 billion annually and employ
more than 4,000 people.

Please visitwww.skcapitalpartners.comfor more information about SK Capital.

About Clariant

Clariant is an internationally active specialty chemical company, based in
Muttenz near Basel. The group owns over 100 companies worldwide and employed
22,149 employees on December 31, 2011. In the financial year 2011, Clariant
recorded a turnover of around CHF 7.4 billion. Clariant is divided into eleven
business units: Additives; Catalysis & Energy; Emulsions, Detergents &
Intermediates; Functional Materials; Industrial & Consumer Specialties;
Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties;
Pigments; Textile Chemicals.

Please for more information about Clariant.


BackBay Communications
Bill Haynes, 617-556-9982
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