22 March 2011, Boston – Advent International, the global private equity firm, today announced that Christopher Fraser has joined the firm’s Operating Partner Program. He will advise on opportunities in the industrial sector, with a focus on chemicals and materials.
Mr. Fraser is one of the most accomplished executives in the global inorganic chemicals and industrial minerals industries. His most recent position was President and CEO of Chemical Lime, a leading producer of inorganic chemicals with over 70 facilities throughout North America and the Caribbean. Prior to this, Mr. Fraser was President and CEO of OCI Chemical, a leading global producer of carbonates. Previously, Mr. Fraser held various executive roles with French chemical and pharmaceutical firm Rhone-Poulenc and also Stauffer Chemical. Mr. Fraser’s board experience includes KMG Chemicals (NASDAQ: KMGB), OCI Company Ltd (KOSE:A010060) and ANSAC.
This is the latest appointment in Advent’s Operating Partner Program, a long-established and successful element of the firm’s highly operational approach to investing. The program includes over 80 senior industry executives, many of whom have been involved in multiple Advent investments. These executives typically assist in activities such as finding attractive investment opportunities, conducting due diligence, and creating and driving value creation plans for Advent’s portfolio companies.
Stephen Hoffmeister, Managing Director in Advent’s Industrials group, said: “Chris’s outstanding track record in the broader chemicals industry, and particularly in inorganic materials and industrial minerals, makes him a great addition to our chemicals team. We look forward to working with Chris to develop investment opportunities on a global basis.”
Commenting on his appointment, Mr. Fraser added: “Advent has an excellent track record in chemicals and materials, and I am pleased to join a firm with such deep sector knowledge and a consistent focus on the industry.”
Advent International has been active in the chemicals and materials sector for over 20 years and has invested in more than 20 companies. Advent’s recent investments in the sector include: Oxea, one of the world's leading producers of Oxo chemicals and their derivatives; HC Starck, a global leader in refractory metals, advanced ceramics and electronic chemicals; and Vinnolit, one of Europe’s leading specialty PVC producers.