DEAL ANNOUNCEMENT / PRESS RELEASE
June 2, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented Iron Path Capital, a private equity firm focused on lower-middle market investments across the specialty industrial and healthcare sectors, in its backed company PureTech Scientific’s acquisition of The Chemours Company’s Glycolic Acid business. With this acquisition, PureTech Scientific is positioning itself to become the global leader in organic synthesis of ultra-high purity alpha hydroxy acids for the Life Sciences and Specialty Chemical industries.
The transaction was announced on June 1, 2023 and is expected to close by the third quarter of 2023, subject to regulatory approvals and other customary closing conditions.
The cross-border McDermott deal team was led by Hunter Sharp with support from Krist Werling, David Wolff, Ben Kryder, David Ivill, Terrance Brennan, Delaney Prunty and Jacob Hollinger.
Read the combined press release.
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