BroadPeak Global LP Announces Change of Name; Rebranded as BPGC Management LP
01/14/2022 - 08:00 AM
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
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SOURCE BPGC Management LP
DuPont de Nemours Inc
NYSE:DD
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Industry
Plastics Material and Resin Manufacturing
Sector
Manufacturing
Tags
Chemicals: Major Diversified, Process Industries, Manufacturing, Plastics Material and Resin Manufacturing
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US
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Wilmington
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