Calash is pleased to announce that it provided commercial due diligence to Foresight Group on FIS Chemicals, a leading chemical producer specialising in the formulation, manufacture, and distribution of chemical products across a range of industrial sectors, including oil and gas, renewables, marine, hospitality, and logistics.
Calash provided commercial due diligence, which included a review of its business activities, underlying commercial drivers and regulatory landscape across its core markets, a review of its addressable market, a competitive analysis exercise, a review of its business plan and strategy, and extensive customer and market referencing. Additionally, Calash conducted an environmental review, assessing contamination across the company’s property and adjacent land, risks associated with chemical storage, the manufacturing process, emissions and discharges, environmental permits and third-party waste removal agents and the audit programme.
Foresight Group joined forces with Maven Capital Partners LLP, one of the UK’s most active private equity houses, to support the management buy-in of FIS Chemicals Limited. Each invested £2 million as part of the transaction alongside investment from the buy-in team.
The Calash team included George Maitland, Callum Evett and Jonathan Clarke.
Read the press release here
FIS Chemicals develops and manufactures a range of specialist chemicals predominantly for cleaning and enhancement purposes, as well as rust protection, descaling and water purification. In total FIS sells a range of over 1,500 chemical products to a broad international customer base which operate across a diverse range of industries including energy, utilities and marine. FIS’s core range of chemicals are designed to improve efficiency and reduce waste and harmful by-products.
Graphite Capital is a leading investment manager in real assets and capital for growth, operating across Europe, Australia, and the United States.
