Global private equity and venture capital news and research

GS Group could pay $1bn for AEA portfolio company Houghton

9 Aug 2012

Buyout house AEA Investors is considering selling metalworking fluids and chemical management company Houghton to GS Group, it is understood.

The South Korean conglomerate could part with more than $1bn for the US business, which AEA picked up in December 2007.

GS could make the deal through its GS Energy Affiliate, Reuters reported local newspaper the Korea Economic Daily as saying.

AEA’s mid-market private equity team currently manages more than $3.6bn of invested and committed capital, and focuses on buying businesses headquartered in the US and Europe.

It is expected to hit a $2bn hard cap for its fifth buyout vehicle within the next few weeks, having reached a $1.5bn third close in June.

The firm, which is one of the oldest buyout houses in the world, has been raising AEA Investors Fund V since September 2011.

Copyright © 2012 AltAssets

Leave a Reply

You must be logged in to post a comment.

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016