Nexant Facilitates World’s Largest Chemicals IPO
Jan 5, 2011
BANGKOK – Nexant announced today that its Energy & Chemicals Consulting (E&CC) team played an instrumental role in two major chemical industry initial public offerings—the recently completed IPO for Petronas Chemicals Group Bhd., the petrochemicals unit of Malaysia’s state oil company, and the recent IPO for AZ Electronic Materials (AZ EM), owned by Carlyle/Vestar.
Petronas Chemicals raised $4.1 billion in the world’s largest chemicals IPO to date. The AZ EM IPO surged on its debut, with a valuation of $1.5 billion.
The Nexant team—headed by Lee Fagg (Nexant Asia, Bangkok) and Jane Smith (Nexant Limited, London)—delivered business, commercial, and market assessments that were critical to the successful completion of both IPOs. Nexant was chosen for its depth of industry knowledge, unique breadth of experience across all chemical sectors, and unparalleled transaction experience. The company’s E&CC business unit provides high-quality consulting services to the gas, downstream oil, clean energy, biofuels, chemicals, and fertilizer industries.
“Our professionals have been providing advisory services to global energy and chemical clients for over 40 years,” said Dr Andrew Spiers, Nexant Senior Vice President for Asia. “Nexant is recognized for its unique ability to offer clients both in-depth analytical expertise and access to the most extensive proprietary databases in the industry. In addition, our NexantThinking product portal enables clients to model and simulate the entire global chemical industry as well as to forecast consumption, production, supply and demand, pricing, and profitability of key chemicals for every commodity chemical plant in the world.”
Nexant’s extensive consulting capabilities include:
Mergers and acquisitions—industry adviser support
Project planning and feasibility
Technology evaluation/development assistance
Market evaluations including addressable market appraisals
Independent technical and commercial due diligence to support financial transactions
National and regional master plans