KPS Capital Partners explored takeover offer for Elementis, Reuters reports

KPS Capital Partners recently explored a bid for U.K. specialty chemicals maker Elementis but has since paused its work, Reuters’ Amy-Jo Crowley and Emma-Victoria Farr report, citing two people familiar with the matter. The New York-based private equity firm in December submitted an offer valuing the company at about 160GBp per share, but the Elementis board wanted around 180GBp, one of the people said.