NEW YORK, Jan. 14, 2022 /PRNewswire/ -- BroadPeak Global LP
today announced its rebranding to BPGC Management LP ("BPGC"), with
the change of name effective immediately. The Firm was
established in May 2020 by
Co-Founders Stephen Toy and Nadim
Qureshi, and includes Principals Ademola Adewale-Sadik and Nick Peterson. BPGC manages a portfolio of
businesses and assets in the materials, chemicals, industrials and
shipping industries, with a combined AUM of over $1 billion.
The name change follows the completed acquisition of the Clean
Technologies business of DuPont du Nemours, Inc. (NYSE: DD), now
known as Elessent Clean Technologies ("Elessent"). BPGC led an
international private equity consortium to acquire Elessent, a
global leader in process technology licensing &
engineering. Its portfolio of offerings in key applications
includes – MECS® sulfuric acid production,
STRATCO® alkylation, BELCO® wet scrubbing and
IsoTherming® hydroprocessing.
The $510 million Elessent
acquisition was announced on February 1,
2021 and closed on December 31,
2021.
About BPGC
BPGC Management LP ("BPGC") is an
independent private equity firm dedicated to opportunistic buyouts
and special situations transactions in the global industrials,
materials and chemicals sectors. BPGC's Co-Founders, Stephen Toy and Nadim
Qureshi, previously served in various leadership roles at
Invesco Private Capital and WL Ross & Co. and share a deep
heritage of successfully operating and investing across multiple
geographies. BPGC is headquartered in New
York City. Learn more at www.bpgc.com.
Media Contact:
Stephen Toy
+1 917-459-5783
View original
content:https://www.prnewswire.com/news-releases/broadpeak-global-lp-announces-change-of-name-rebranded-as-bpgc-management-lp-301461014.html
SOURCE BPGC Management LP