Sard Verbinnen & Co and Joele Frank, Wilknson Brimmer Katcher are working the $705.9M deal to acquire chemical company TPC Group, announced Nov. 8 after an increased bid by First Reserve Corp. and SK Capital Partners.
Houston-based TPC is a top maker of chemicals that go into products like fuel additive and tires.
Sard New York managing director James Barron reps the acquiring investment firms First Reserve and SK.
Joele Frank partner Meaghan Repko and director James Golden counsel TPC Group, which also hired the proxy firm Innisfree M&A Inc. for the deal.
The acquirers sweetened a $40-per-share offer from July to $45 to close the deal as TPC was receiving other interest from rival Innospec (repped by RF Binder Partners) and private equity firm Blackstone Group.
A special meeting of TPC shareholders is slated for Dec. 5.
TPC shares rose three percent today on the news, ticking up $1.45 to $46.32.