TY - JOUR T1 - Valuations of Chemical Companies and Distributors: <em>Comparable Metrics and Precedent Transactions</em> JF - The Journal of Private Equity SP - 87 LP - 100 DO - 10.3905/jpe.2018.1.070 VL - 21 IS - 4 AU - Tay Kin Bee Y1 - 2018/08/31 UR - https://pm-research.com/content/21/4/87.abstract N2 - Over the past 20 years, private equity firms and strategic buyers have aggressively invested in chemical companies, including the logistics supply chain of chemical distribution. The availability of public funds at meager interest rates is the main reason that mergers and acquisitions are happening at such a high pace. Company valuation then becomes very important to determine the value of the deals. Public chemical companies’ comparable metrics, together with profits from precedent transactions, can provide a handy guide for both strategic buyers and private equity firms when considering an acquisition.TOPICS: Private equity, commodities, fundamental equity analysis, portfolio construction ER -