News | One Equity Partners
FEB082011
One Equity Partners acquires an equity stake in Chemlogics Group, LLC

Paso Robles, CA—February 4, 2011 – Chemlogics Group, LLC a leading provider of specialty chemicals to the energy sector used in the extraction and production of oil and gas, today announced that One Equity Partners (OEP), the global private investment arm of JPMorgan Chase & Co., has acquired a 37% equity stake.

Chemlogics Group Chairman and CEO William Frost commented, “We are delighted to have OEP as a partner in our business. We see many opportunities for growth in the months and years ahead and the capital and support of the private investment arm of one of the world’s largest and most successful banks will certainly contribute to the implementation of our strategic growth plans. OEP’s global expertise will be particularly helpful as Chemlogics expands its international presence in support of our customers needs.”

“Our goal is to help Chemlogics fulfill its long term goal of being a major supplier to service providers in the energy sector in the Americas, Middle East, Europe and elsewhere. With the resources of JPMorgan Chase & Co, we are confident Chemlogics will prosper in the years ahead. We are delighted to become their partner in fulfilling their long term goals,” said OEP Managing Partner Dick Cashin.

Transaction Advisors:
CDI Global acted as financial advisor to Chemlogics Group.
Joining the Chemlogics Group Board of Directors will be OEP Managing Directors Rick Smith and Ken Brown, and CDI Global Chairman, Rick Sommer, as a Chemlogics outside Director.

About Chemlogics Group:
The Chemlogics Group designs, develops and manufactures a wide range of specialty chemicals and polymers, including novel products using proprietary technologies that provide innovative solutions for customers in the global energy market.

Chemlogics’ energy sector business is supported through its subsidiary operations at Marchem Technologies in Long Beach, California, and WSP Chemicals and Technology in Lock Haven, Pennsylvania. Customers have access to a wide variety of process chemistries and products through the unique technology platforms and independent production facilities offered by each subsidiary.

With headquarters and administrative offices located in Paso Robles, California, Chemlogics employs 100 people, including subsidiary operations.

About One Equity Partners:
One Equity Partners is the private investment arm of JPMorgan Chase & Co. and manages over $8 billion in commitments and investments solely for the bank. OEP enters into long term partnerships with companies to create sustainable value through long term growth driven both organically and inorganically. Founded in 2001, OEP has 39 investment professionals in New York, Chicago, Frankfurt, Hong Kong and elsewhere around the globe. Visit www.oneequity.com for more information.

About CDI Global:
Established in 1973, CDI specializes in mergers, acquisitions, divestitures and joint ventures. CDI is known for its strong international competence, Chemical industry focus, and in-depth expertise, and has successfully concluded more than a thousand international search assignments in the past 37 years. CDI has 50 partners and associates in more than 35 offices in Asia, Australia, Europe, North America and South America. Visit www.cdiglobal.com for more information.