Acquire U.S. based Jayhawk Fine Chemicals Corporation - Anupam Rasayan India Ltd

Code BSE: 543275 NSE:

Anupam Rasayan signs definitive agreement to acquire U.S. based Jayhawk Fine Chemicals Corporation Anupam Rasayan India Ltd. announced the signing of a definitive agreement to acquire 100% equity stake in Jayhawk Fine Chemicals Corporation (part of the CABB group), a U.S. based specialty chemical company, for a purchase consideration of $150 million. The purchase consideration accounts for payment against the equity value of Jayhawk and existing loans payable to the exiting shareholders. Considering $16 million of cash and cash-like items for Jayhawk as of June-25, the purchase consideration translates to an enterprise value of $134 million. Jayhawk clocked revenues and adjusted EBITDA of $78 million and $15 million respectively in CY24, translating to a EV to EBITDA multiple of 9x. The acquisition will be financed through a mix of internal accruals, debt and quasi equity from a leading global investment management firm with an AUM in excess of $100 billion. This acquisition shall be EPS accretive for Anupam.