CHESTERFIELD, MO, USA, New Yearās Day marked the beginning for Elessent Clean Technologies as an international private equity consortium, consisting of BroadPeak Global LP (āBroadPeakā), Asia Green Fund (āAGFā) and The Saudi Arabian Industrial Investments Company (āDussurā) (collectively, the āGroupā), completed its transaction to purchase the Clean Technologies business of DuPont de Nemours, Inc. (āDuPontā) (NYSE: DD) on December 31, 2021.
DuPont Sells Clean Technologies Business
NEW YORK and WILMINGTON, Del. and CHICAGO and RIYADH, Saudi Arabia, Feb. 1, 2021 /PRNewswire/ — An international private equity consortium consisting of BroadPeak Global LP (āBroadPeak Globalā), Asia Green Fund (āAGFā) and The Saudi Arabian Industrial Investments Company (āDussurā) (collectively, the āGroupā) announced today that they have signed a definitive agreement whereby the Group will purchase the Clean Technologies business of DuPont de Nemours, Inc. (āDuPontā) (NYSE: DD) for $510 million in cash. As part of the transaction, Tensile Capital Management LP is providing preferred equity financing. The transaction is expected to close in the second quarter of 2021 subject to customary closing conditions and regulatory approvals.