K&L Gates LLP Advised Albemarle On Sale Of A Controlling Stake In Ketjen To KPS Capital Partners

K&L Gates LLP Advised Albemarle on Sale of a Controlling Stake in Ketjen to KPS Capital Partners

Global law firm K&L Gates LLP advised Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, in the sale of a controlling stake in Ketjen Corporation’s refining catalyst solutions business (Ketjen) to KPS Capital Partners, LP, a New York City-based global private equity firm. Ketjen is a Houston, Texas-based business that provides advanced catalyst solutions to leading producers in the petrochemical and refining industries.

At closing, Albemarle and KPS, through affiliates, will own approximately 49% and 51% of Ketjen, respectively, with KPS having a majority of the Board of Directors and operational control of Ketjen. Separately, Albemarle will sell the entirety of its 50% interest in the Eurecat joint venture to Axens SA. The transactions are expected to close in the first half of 2026, subject to customary conditions and regulatory approvals. Across the two transactions, Albemarle expects to receive total pre-tax proceeds of approximately $660 million, while also retaining an approximately 49% stake in Ketjen.

Baucom Said, “This transaction showcases K&L Gates’ ability to seamlessly coordinate across our global platform and draw on the strengths of our multidisciplinary teams. Advising Albemarle on complex cross-border deals reflects our commitment to delivering comprehensive solutions that address every facet of our clients’ strategic objectives. We are proud to support Albemarle in advancing its vision and look forward to seeing Ketjen thrive in its next chapter.”

The K&L Gates LLP team was led by Leah Baucom (Partner), with assistance from Nick Kitko (Associate), Anna Sgrignoli (Associate), Dylan Blackburn (Associate), Austin Panameno (Associate), Randy Clark (Partner) counseled on tax matters. The securities team was led by Sean Jones (Partner) and Coleman Wombwell (Partner), Rikki Sapolich-Krol (partner) and Rachel Morowitz (Associate) advised on employee benefits and executive compensation matters, and Michael Pavlick (Partner), David Lindsay (Partner), and Brittany Raia (Associate) provided advice on labor, employment, and workplace safety matters. Boston James Fajkowski (Partner) provided intellectual property Jake Bernstein (Partner), and Eric F. Vicente Flores (Associate) advised on data privacy and security matters, and Tad J. Macfarlan (Partner) ,and Samuel R. Boden (Associate), provided advice on environmental matters, Jessica C. White (Partner) advised on real estate issues. Charlotte based Marla Tun Reschly (Partner) also provided strategic advice on the transaction.

The sale of Ketjen’s Eurecat interest was led by Paris Raphael Bloch (Partner), with assistance from Paris Martin Borey (Senior Associate)

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