© 2014 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(April 3) – Dallas-based private equity firm Highlander Partners, LP announced this week that it is selling a long-time portfolio company, SensoryEffects, to New Hampton, N.Y.-based Balchem Corporation for $567 million.
SensoryEffects is a St. Louis, Mo.-based, privately held supplier of customized food and beverage ingredient systems.
Andrews Kurth is representing Performance Chemicals & Ingredients Company (d/b/a SensoryEffects) in the transaction, with Dallas corporate and securities partner Mark Solomon as the lead attorney. Other AK attorneys assisting in the deal are Dallas partners Peter Bogdanow, Tom Popplewell, Will Becker and associates Chrissy Williford and Karen Wade; Houston partners Geoffrey Walker, Chris Fenelon, Alison Chen and associate Matt Grunert; Austin partner Lisa Shelton; and partners from the firm’s Washington, D.C. office.
The firm has previously represented Highlander in several transactions, including the original investment in the company that would become SensoryEffects in 2006. However, it did not represent Highlander in this transaction.
Balchem’s purchase of SensoryEffects is subject to certain regulatory approvals and customary closing conditions and is expected to close within the next 40 days.
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