Nexant announced today that its Energy & Chemicals Consulting (E&CC) team played an instrumental role in two major chemical industry initial public offerings—the recently completed IPO for Petronas Chemicals Group Bhd., the petrochemicals unit of Malaysia’s state oil company, and the recent IPO for AZ Electronic Materials (AZ EM), owned by Carlyle/Vestar.
Petronas Chemicals raised $4.1 billion in the world’s largest chemicals IPO to date. The AZ EM IPO surged on its debut, with a valuation of $1.5 billion.
The Nexant team—headed by Lee Fagg (Nexant Asia, Bangkok) and Jane Smith (Nexant Limited, London)—delivered business, commercial, and market assessments that were critical to the successful completion of both IPOs.
Nexant was chosen for its depth of industry knowledge, unique breadth of experience across all chemical sectors, and unparalleled transaction experience. The company’s E&CC business unit provides high-quality consulting services to the gas, downstream oil, clean energy, biofuels, chemicals, and fertilizer industries.
“Our professionals have been providing advisory services to global energy and chemical clients for over 40 years,” said Dr Andrew Spiers, Nexant Senior Vice President for Asia.
“Nexant is recognized for its unique ability to offer clients both in-depth analytical expertise and access to the most extensive proprietary databases in the industry. In addition, our ChemSystems Online platform (www.chemsystems.com) enables clients to model and simulate the entire global chemical industry as well as to forecast consumption, production, supply and demand, pricing, and profitability of key chemicals for every commodity chemical plant in the world.”
Nexant’s extensive consulting capabilities include:
* Corporate strategy development
* Process and business benchmarking and optimization studies
* Mergers and acquisitions—industry adviser support
* Project planning and feasibility
* Technology evaluation/development assistance
* Market evaluations including addressable market appraisals
* Independent technical and commercial due diligence to support financial transactions
* National and regional master plans
About Nexant
Nexant, Inc. is a premier provider of software and consulting services for the next-generation intelligent grid and clean energy solutions. For the last decade, it has been developing and commercializing technology solutions—such as TrakSmart®, GridSmart®, HEDGE®, COMET®, and RevenueManager™—enabling utilities, power producers, and retailers to operate and deploy new technologies and applications in the emerging grid. Operating from 30 offices in the U.S., Europe, the Middle East, Asia, and Africa, the company's team of industry professionals has completed more than 2,500 client assignments in over 100 countries, and its software operates in over 120 control centers at utilities worldwide. Its clients include major utilities, transmission and distribution system operators, chemical and petroleum majors, financial institutions, government agencies and Fortune 500 companies. For additional information, please visit www.nexant.com.
