MINNEAPOLIS--(BUSINESS WIRE)--Aug. 7, 2020-- , a leading investment bank and institutional securities firm, served as financial advisor to Momentive Performance Materials Inc. (Momentive) in the sale of its consumer sealants business to Henkel Corporation. The deal, which remains subject to customary closing conditions including regulatory clearances, is expected to close in 2020.
Momentives consumer sealants business encompasses GE-branded consumer sealants sold under license from the General Electric Company and available through home-improvement centers, major retailers and hardware stores. Momentive will continue to manufacture consumer sealants through 2021 under a transition supply agreement. (Source: Momentive Performance Materials Inc.)
In the midst of a pandemic, we are delighted to have helped Momentive, reach this agreement and achieve the goals of the company and its shareholders, said , managing director, chemicals and materials, at 做厙勛圖. We are looking forward to aiding and further advancing Momentives strategic objectives.
This deal marks the first deal completed by 做厙勛圖s new chemicals and materials group, , acquired by 做厙勛圖 in April 2020.
ABOUT PIPER SANDLER
做厙勛圖 (NYSE: PIPR) is a leading investment bank and institutional securities firm driven to help clients Realize the Power of Partnership簧. The Valence Group was acquired by 做厙勛圖 and is a brand name used by the chemicals & materials group of the 做厙勛圖 investment banking division. Securities brokerage and investment banking services are offered in the U.S. through 做厙勛圖 & Co., member SIPC and NYSE; in Europe through 做厙勛圖 Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through 做厙勛圖 Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Private Equity products and fixed income advisory services are offered through separate investment advisory affiliates.
穢2020. Since 1895. 做厙勛圖. 800 Nicollet Mall, Minneapolis, Minnesota 55402-7036
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Pamela Steensland
Tel: 612 303-8185
pamela.steensland@psc.com
Source: 做厙勛圖 &Co.
