Funds managed by SK Capital Partners and Edgewater Capital Management, LLC entered into exclusive negotiations agreement to acquire Saint-Gobain Glassolutions Grand Ouest glass processing business from Saint-Gobain Sekurit India Limited (BSE:515043) on September 1, 2022. SK Capital will lead the investment with Edgewater acting as a meaningful minority shareholder with Board involvement. Saint-Gobain Glassolutions Grand Ouest glass processing business generated sales of around €60 million in 2021. Denis Criton, Thibault Burnier, Xavier Renard of Latham & Watkins LLP (Paris) and Nick Luongo of Latham & Watkins LLP acted as legal advisor to SK Capital. Taft Stettinius & Hollister LLP acted as legal counsel to Edgewater. The completion of the transaction is subject to the approval of certain regulatory authorities and should be effective before the end of the year. The transaction is expected to close in the fourth quarter of 2022. As of December 1, 2022, the business has been renamed Luxium Solutions and Mike Cahill, Vice President Crystals at Saint-Gobain, will be named CEO of Luxium Solutions. Cms Bureau Francis Lefebvre Lyon acted as legal advisor to Saint-Gobain Sekurit India Limited. in the transaction. Canaccord Genuity acted as financial advisor to Saint-Gobain Glassolutions Grand Ouest glass processing business.


Funds managed by SK Capital Partners and Edgewater Capital Management, LLC completed the acquisition of Saint-Gobain Glassolutions Grand Ouest glass processing business from Saint-Gobain Sekurit India Limited (BSE:515043) on September 2, 2022.