Trinseo
(NYSE: TSE), a global materials solutions provider and manufacturer of
plastics, latex binders and synthetic rubber, today issued a statement
welcoming Bain Capital’s successful sale of its remaining stake in the
company. The sale, which was announced on September 19, 2016, concluded
Bain Capital’s formal investment in Trinseo, and completes a process
that began when Bain helped lead Trinseo’s corporate formation and
subsequent IPO
in June of 2014.
Bain Capital Everest Manager Holding SCA, the selling shareholder, sold
its remaining ownership of 10,669,567 shares in Trinseo earlier this
week. The selling shareholder received all the net proceeds from this
offering. No shares were sold by Trinseo. Morgan Stanley acted as the
sole book-running manager.
Trinseo’s statement from President and CEO Chris Pappas follows:
“The transaction represents a major milestone and reflects the hard
work of every single Trinseo employee. It is only through their work
that the firm has achieved outstanding results and built the company
into a successful enterprise. We have had an exciting journey over the
past six years – from carve-out and spin-off, to private equity
ownership, to IPO on the NYSE, and now full independence as a public
company. This moment is the culmination of the plans Bain Capital
and Trinseo set forth, and it is truly exciting to see it realized.
“We are grateful for the strong confidence our shareholders and the
investment community have placed in the company. As we look to the
future, senior leaders are working diligently on growth plans for the
company, exploring a variety of ways to invest our resources for the
benefit of Trinseo’s customers, employees and shareholders. We
see a bright future for Trinseo, as we continue life as a fully
independent, public company.”
About Trinseo
Trinseo (NYSE: TSE) is a global materials solutions provider and
manufacturer of plastics, latex binders, and synthetic rubber. We are
focused on delivering innovative and sustainable solution to help our
customers create products that touch lives every day — products that are
intrinsic to how we live our lives — across a wide range of end-markets,
including automotive, consumer electronics, appliances, medical devices,
lighting, electrical, carpet, paper and board, building and
construction, and tires. Trinseo had approximately $4.0 billion in
revenue in 2015, with 18 manufacturing sites around the world, and more
than 2,200 employees. For more information visit www.trinseo.com.
Forward Looking Statements
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Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,”
“plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,”
“potential,” “continue,” and similar expressions are intended to
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revenues, business activity, acquisitions, financings and other matters
that involve known and unknown risks, uncertainties and other factors
that may cause results, levels of activity, performance or achievements
to differ materially from results expressed or implied by this press
release. As a result of the foregoing considerations, you are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

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