WL Ross Holdings $1.65 billion acquisition of Nexeo Solutions

Overview:

• Special purpose acquisition company (SPAC) WL Ross Holdings has completed its $1.65 billion acquisition of chemicals distributor Nexeo Solutions.
• Nexeo was sold by private equity firm TPG Capital, which has retained a smaller stake in Nexeo. 
• Part of the acquisition financing came from debt facilities provided by BofA Merrill Lynch, Jefferies Finance and Deutsche Bank. 
• The deal was first announced in March 2016. 

Kurt Stumpo - Journalist