An affiliate of North America XIII Fund, managed by KKR & Co. Inc. entered into a definitive agreement to acquire Chase Corporation for approximately $1.3 billion.
The transaction is subject to the receipt of approval from Chase Corporation?s shareholders and certain required regulatory approvals, as well as the satisfaction of other customary closing conditions. The all-cash transaction is not subject to financing conditions. The board of directors of Chase Corporation has unanimously approved the transaction. The 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the merger expired on September 5, 2023. Chase Corporation shareholder approved the transaction on October 6, 2023. The transaction is expected to close in the fourth quarter of 2023. Perella Weinberg Partners LP and Daniel Brass, Lisa Ogust Cammer, Jennifer S. Conway, Kevin A. Brown, Michael Comstock, Jack Orford, Matthew J. Bacal, Corey M. Goodman and Ronan P. Harty of Davis Polk & Wardwell LLP are serving as advisors to Chase. Goldman Sachs acted as financial advisor. Jennifer S. Perkins, David M. Klein, Chelsea N. Darnell, Colin Zelicof, Eric J. Wedel, Matthew N. Leist, Mike Beinus, Adam Kool, Rohit A. Nafday, and John Kleinjan of Kirkland & Ellis LLP acted as legal advisor to KKR. Perella Weinberg Partners LP acted as financial advisor and provides opinion to Chase Corporation in the transaction. Roxanne Anderson and Ajay Singh Solanki of AZB & Partners acted as legal advisor to KKR & Co. Inc.