PAI’s Perstorp Reviewing Strategic Options, Including IPO

Swedish chemical company Perstorp Holding AB said it’s mulling ownership changes and could opt for a stock-exchange listing.

The maker of animal-feed ingredients and caprolactone is “assessing a range of strategic options” together with its shareholders, it said in a second-quarter earnings report released Thursday.

PAI Partners holds a 97 percent stake in the company, and an exit would bring an end to a decade-long relationship between the Paris-based private equity firm and Perstorp, which is headquartered in the southern Swedish city of Malmoe.

The Swedish company more than doubled its operating profit in the first half of this year, helped by a weaker Swedish krona and easing raw material costs. “We are moving ahead with confidence in the next quarter, focusing on continuing to increase the quality of our margins,” Chief Executive Officer Jan Secher said in a statement.

Secher was installed by PAI in 2013, and since then, the former head of Clariant AG has helped spearhead an overhaul that’s involved divestments and acquisitions.

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