An affiliate of funds advised by SK Capital Partners has recapitalised Techmer PM (Techmer) with an investment from Gryphon Investors (Gryphon), a middle-market private equity firm.
The transaction represents a successful initial phase of investment for SK Capital, which will remain a significant investor alongside Techmer founder John Manuck, and the Company’s management team. The combined knowledge and expertise of the new and continuing investors will support the future profitable growth of Techmer.
The terms of the deal have not been disclosed.
Techmer is a designer and producer of engineered materials, and colour and additive masterbatch solutions for the plastics and fibre industries.
SK Capital first invested in the Company in July 2020, acquiring a majority interest.
