Shearman Reps Birla In $875M Columbian Chem Deal

Law360, New York (February 1, 2011, 2:03 PM EST) -- Indian conglomerate Aditya Birla Group has reached a deal to buy carbon black producer Columbian Chemicals Co. from One Equity Partners, the private equity investment arm of JPMorgan Chase & Co., for a reported $875 million.

Aditya Birla Chairman Kumar Mangalam Birla told The Hindu on Monday that the deal would be financed through debt, with the Marietta, Ga.-based Columbian Chemicals assuming $450 million in debt and two Aditya Birla carbon black subsidiaries taking on the rest.

Those subsidiaries, Alexandria Carbon Black Co. SAE and Thai...
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