Pre-close · Specialty Chemicals

Customer Contract Assignment for Specialty Chemicals Independent Sponsors

Independent sponsor counsel for specialty chemicals, focused on Customer Contract Assignment and the deal mechanics that protect sponsor economics and LP alignment.

EV range $15M to $200M EV EBITDA $3M to $28M Audience Buy-side / Sponsor
The deal context

The economics on a specialty chemicals platform deal usually hinge on a handful of structural decisions. Customer Contract Assignment is one of them.

The typical specialty chemicals platform sits at $15M to $200M EV with EBITDA in the $3M to $28M range. The thesis runs on niche formulator or contract manufacturing buy-up. The IP lives in the formulator's head as often as in the company. Structure for that risk explicitly.

The moves

How Customer Contract Assignment actually gets structured.

  1. Identify contracts with anti-assignment clauses, especially in government and healthcare.

  2. Plan the customer communication sequence to protect retention.

  3. Map consent collection against the closing checklist, with material thresholds defined.

  4. Address change-of-control notifications even where consent is not required.

  5. In specialty chemicals, layer in chemical inventory transfer filed as part of the Customer Contract Assignment workstream.

The common mistake

Asking every customer for consent. You alarm customers who would have been silent.

Jason's take
"Customer assignment is a sales motion, not a legal one. Lead with operations, follow with paper."
Jason Powell · Customer Contract Assignment
Capital after close

The deal is one thing. The capital that opens up after close is another.

The capital that opens up post-close, from refinancing to growth equity to strategic exit, runs through a small set of Wall Street relationships. That network is built in.

MONTH 18
Senior refi
MONTH 24
Dividend recap
MONTH 36
Growth equity
YEAR 4–5
Strategic exit
ENGAGE THE PRACTICE

Customer Contract Assignment for Specialty Chemicals, on independent sponsor terms.

Independent sponsor counsel that already speaks fluent deal-by-deal economics, structures clean LPAs, and travels with capital markets relationships for what comes after close.