Strategic Value Partners, LLC and its affiliates (SVP), together with Blantyre Capital Limited, announced that funds managed by both firms have acquired OQ Chemicals, a global producer of oxo chemicals. As part of the transaction, the company will reinstate its former name, OXEA.

OXEA supplies oxo intermediates and oxo performance chemicals to manufacturers in the specialty chemicals and additives sectors. Its portfolio includes alcohols, polyols, plasticizers, carboxylic acids, specialty esters, and amines used in paints, coatings, plastics, lubricants, and pharmaceuticals. The company operates production facilities in Germany and Texas and markets its products in over 60 countries.

"OXEA's leading market positions, global reach, and innovation capabilities provide a solid foundation for long-term growth," said HJ Woltery, co-head of the European investment team at SVP.

Mubashir Mukadam, chief investment officer at Blantyre Capital, added, "OXEA's expertise in oxo chemicals and global footprint present ample opportunities for growth."

SVP and Blantyre were advised on the transaction by Kirkland & Ellis, Akin and Lazard.