Cognis

Cognis

Cognis

Defunct German company

Cognis was a worldwide supplier of specialty chemicals and nutritional ingredients, headquartered in Monheim am Rhein, North Rhine-Westphalia, Germany. The company employs about 5,600 people and operates production or service centers in almost 30 countries. Cognis was acquired by BASF in 2010.[1]

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Cognis was an integrated part of Henkel, a German consumer products company, until 2000, when it became an operationally independent business unit.[2] In November 2001, Cognis was bought by private equity funds Permira, GS Capital Partners and SV Life Sciences.[3]

BASF reached an agreement with Cognis Holding Luxembourg S.à r.l. — which is controlled by Permira Funds, GS Capital Partners and SV Life Sciences — to acquire the specialty chemicals company Cognis for an equity purchase price of €700 million. Including net financial debt and pension obligations, the enterprise value of the transaction is €3.1 billion. The acquisition is subject to clearance by the competent merger control authorities. Closing of the transaction occurred in December 2010.[4]

References

  1. [1]
    www.forbes.com https://www.forbes.com/consent/?toURL=https://www.forbes.com/2010/06/23/basf-to-acquire-cognis-in-38b-deal-marketnewsvideo.doc. Retrieved 2023-01-20. {{cite web}}: Missing or empty |title= (help)
  2. [2]
    "Annual Report 2001" (PDF). Henkel. Retrieved 8 May 2023.
  3. [3]
    "Permira and Goldman Sachs to buy Cognis - Leather International". www.leathermag.com. Retrieved 2023-01-20.
  4. [4]
    "BASF completes acquisition of Cognis". www.basf.com. Retrieved 22 August 2022.
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