Nexant reported that its Energy & Chemicals Consulting (E&CC) team played an instrumental role in two major chemical industry initial public offerings -- the recently completed IPO for Petronas Chemicals Group Bhd., the petrochemicals unit of Malaysia’s state oil company, and the recent IPO for AZ Electronic Materials (AZ EM), owned by Carlyle/Vestar.
Petronas Chemicals raised $4.1 billion in the world’s largest chemicals IPO to date. The AZ EM IPO surged on its debut, with a valuation of $1.5 billion.
The Nexant team -- headed by Lee Fagg (Nexant Asia, Bangkok) and Jane Smith (Nexant Limited, London)—delivered business, commercial, and market assessments that were critical to the successful completion of both IPOs. Nexant was chosen for its depth of industry knowledge, unique breadth of experience across all chemical sectors, and unparalleled transaction experience. The company’s E&CC business unit provides high-quality consulting services to the gas, downstream oil, clean energy, biofuels, chemicals, and fertilizer industries.
“Our professionals have been providing advisory services to global energy and chemical clients for over 40 years,” said Dr Andrew Spiers, Nexant Senior Vice President for Asia.