Simpson Thacher Represents Lazard as Financial Advisor to Innophos in Its Acquisition by One Rock Capital Partners
10.21.19
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The Firm is representing Lazard Freres & Co. LLC, as financial advisor, to Innophos Holdings, Inc. (NASDAQ:IPHS) in connection with its announced acquisition by an affiliate of One Rock Capital Partners, LLC (“One Rock”) for $32 per share in cash in a transaction valued at approximately $932 million. The transaction is expected to close in the first quarter of 2020, subject to customary closing conditions.
Innophos is a leading international producer of essential ingredients, partnering with health & nutrition, food & beverage and industrial brands to create science-based solutions to improve quality of life. Headquartered in Cranbury, New Jersey with manufacturing operations across the United States, Canada, Mexico and China, Innophos has a 2018 full-year revenue of $802 million. One Rock is a private equity firm that manages approximately $1.4 billion in capital, with a focus on middle-market businesses.
The Simpson Thacher team includes Jakob Rendtorff and Michael Ratay (M&A).