Clearwater International has advised Unilever Ventures (“UV”) and RahuCat Management on the sale of UV portfolio company Rahu Catalytics Ltd (‘RahuCat’).
Nottingham-based RahuCat is a developer of unique iron-ligand based chemistry for use in environmentally friendly coatings, composites and inks. The company has been acquired by OM Group Inc (NYSE: OMG) (‘OM Group’), a leading global solutions provider of specialty chemicals, advanced materials, electrochemical energy storage, magnetic materials and unique technologies crucial to enabling customers to meet increasingly stringent market and application requirements.
RahuCat is at the forefront of developing clean, robust and cost-effective coatings, composites and ink driers to meet an ever-increasing need for environmentally friendly coatings, composites and inks throughout the world. RahuCat was established in 2006 after completing a spin-out from Unilever Group plc, with backing from the Group’s venture capital unit, Unilever Ventures.
The transaction includes all related intellectual property rights and master patents, as well as all manufacturing and supply agreements. Terms of the transaction were not disclosed.