Cédric Hajage~~Grégoire Finance~~Hugo Nocerino~~Faustine Viala~~David Kupka~~Tala Ayoub~~Axel Rogeon
January 23, 2026
PAI Partners to Sell Perstorp to Petronas Chemicals Group

1 min
AI-made summary
- PAI Partners has agreed to sell Perstorp Holding AB, a specialty chemicals group, to Petronas Chemicals Group Berhad for an enterprise value of €2.3 billion
- Willkie advised PAI Partners on the transaction
- Perstorp, founded in Sweden 141 years ago, operates in 26 countries with around 1,500 employees
- PAI Partners previously supported Perstorp's growth and sustainability initiatives
- Petronas Chemicals Group is a leading chemicals producer in Malaysia and Southeast Asia.
Willkie advised PAI Partners on the transaction valuing Perstorp at €2.3 billion. On May 17, Willkie client PAI Partners announced its agreement to sell Perstorp Holding AB, a leading specialty chemicals group, to Petronas Chemicals Group Berhad for an enterprise value of €2.3 billion. Perstorp is a leading chemical company that develops sustainable solutions for the resins and coatings, technical fluids and animal nutrition end-markets. Over the course of its investment, PAI helped Perstorp to grow organically and through market consolidation, and enabled its focus on sustainable and innovative specialty chemistry. Willkie previously advised PAI Partners on numerous transactions, including its acquisition in 2005 of Sydsvenska Kemi, the holding company of Perstorp; Perstorp’s 2012 joint venture with PTT Global to manufacture products for the polyurethane industry; and the transfer in 2018 of PAI’s interest in Perstorp from PAI Europe IV to a new fund managed by PAI Partners and backed by Landmark Partners and other co-investors. Founded in Sweden 141 years ago, Perstorp has a presence in 26 countries, including production plants in Europe, Asia and North America, and employs approximately 1,500 people worldwide. PAI Partners is a preeminent private equity firm that currently manages more than €22.4 billion of dedicated buyout funds. Petronas Chemicals Group is the leading integrated chemicals producer in Malaysia and one of the largest in Southeast Asia. The Willkie team was led by partner Cédric Hajage and included partners Grégoire Finance, Hugo Nocerino and Faustine Viala; counsel David Kupka; and associates Tala Ayoub and Axel Rogeon.
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Cédric Hajage~~Grégoire Finance~~Hugo Nocerino~~Faustine Viala~~David Kupka~~Tala Ayoub~~Axel Rogeon
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