SK Capital Partners and Edgewater Capital Partners close acquisition of Saint-Goban’s crystals business

Funds advised by SK Capital Partners and Edgewater Capital Partners, private investment firms focused on the speciality materials and speciality chemicals sectors, have completed their acquisition of the scintillation and photonic crystals business of Saint-Gobain, SA. 

Funds advised by SK Capital Partners (SK Capital) and Edgewater Capital Partners (Edgewater), private investment firms focused on the speciality materials and speciality chemicals sectors, have completed their acquisition of the scintillation and photonic crystals business of Saint-Gobain, SA. 

The business has been renamed Luxium Solutions (Luxium) and will be headquartered in, Ohio, USA with global facilities in the United States, France, and India. Luxium provides single scintillation crystals for radiation detection applications, as well as sapphire and garnet substrates for photonics and power electronics applications. 
  
Mike Cahill, Vice President Crystals at Saint-Gobain, will remain with the business and will serve as CEO of Luxium Solutions. Cahill has led the business under Saint-Gobain since 2015.
 
Latham & Watkins LLP acted as legal counsel to SK Capital and Taft Stettinius & Hollister LLP acted as legal counsel to Edgewater. Debt financing was provided by KeyBanc Capital Markets.