In this edition of Duff & Phelps' European Chemicals Update, we evaluate current trends for key raw materials, prevailing investor sentiment and valuation developments in the featured consumer specialty subsector.

European Chemicals Update – Q1 2021

Top Insights
  • Key raw materials in the chemicals sector continued to improve in Q3/Q4 2020 despite seasonally low Q4 demand. The positive sentiment on demand recovery from the COVID-19 pandemic will likely continue to support Brent crude prices in the near term, but upside remains pressured by high inventory levels and surplus production capacity worldwide.
  • The ifo Business Climate Index for the German chemical industry turned positive in Q4 2020, with current conditions continuing to improve from the lowest level in Q2 2020. Expectations on performance remained positive, with companies being confident in current business activities and remaining optimistic about the near future.
  • In the consumer specialty subsector, featured companies show strong performance in market capitalization, with high double-digit gains in the last 12 months.

Corporate Finance and Restructuring

M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.

Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Industrials Investment Banking

Industrials expertise for middle-market M&A transactions.

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).

Financial Sponsors Group

Dedicated coverage and access to M&A deal-flow for financial sponsors.

Distressed M&A and Special Situations

Kroll professionals have advised hundreds of companies, investors and other stakeholders at all stages of distressed transactions and special situations.

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.

Valuation Advisory Services

Our valuation experts provide valuation services for financial reporting, tax, investment and risk management purposes.