HEXPOL AB (publ) (OM:HPOL B) acquired Preferred Compounding Corporation from Audax Group, Inc. for approximately $230 million on July 1, 2019. The transaction is done on a cash and debt free basis. The transaction is funded by a combination of cash, existing bank facilities and a new credit facility. The business will be consolidated from July 1, 2019. Preferred Compounding had sales of approximately $240 million in 2018. The acquired business has an EBITDA margin well below the HEXPOL Group and is expected to have a positive impact on earnings per share. William Blair & Co advised the seller in the transaction. Jeffrey Seifman, John Berger; Kyle P. McHugh and Bridget Tully Vrabel of Kirkland & Ellis LLP served as legal advisors and William Blair & Company, L.L.C. served as financial advisor to Preferred. Benesch, Friedlander, Coplan & Aronoff LLP served as legal advisor to HEXPOL. HEXPOL AB (publ) (OM:HPOL B) completed the acquisition of Preferred Compounding Corporation from Audax Group, Inc. on July 1, 2019.