PRK Partners has advised sole book runner, transactional advisor, and financing arranger J.P.Morgan on the financing of Draslovka’s acquisition of a mining solution business from Chemours’ for USD 521 million, subject to cash, debt, and working capital adjustments.
According to PRK Partners, “the term and revolving facility commitments amounted to USD 368 million and supported equity from Draslovka’s existing shareholders to fund the acquisition.”
Draslovka, based in Kolin, Czech Republic, operates in the cyanide-based chemical specialties and agricultural chemicals industry. According to PRK Partners, the company has more than 100 years of experience and its hydrogen cyanide products are applied in the mining industry and agriculture.
The Chemours Company is listed on the NYSE and delivers chemical products and solutions to refrigeration, air-conditioning, electronics, mining, oil, and gas industries. Chemours globally operates facilities in 120 countries with more than 6,500 employees.
PRK Partners’ team included Senior Partner Martin Aschenbrenner, Senior Associates Tomas Vlasak, Jan Ditrych, and Petra Stupkova, and Trainee Veronika Stratilova.
PRK Partners did not reply to our inquiry on the matter.