Houlihan Lokey Advises Prefere Resins

Houlihan Lokey is pleased to announce that Prefere Resins (Prefere or the company), a portfolio business of One Rock Capital Partners (One Rock), has completed a successful debt refinancing. The firm served as exclusive financing advisor on the transaction, which closed on 31 October 2023.

Headquartered near Berlin, Germany, Prefere Resins is a leading European manufacturer of adhesive resins used in engineered wood, insulation, coatings, and other specialty applications. Prefere Resins is the pioneer in bio-based resins with an increasing LPF portfolio, the foundation for continued market leadership. The company has displayed a resilient financial profile through macroeconomic cycles thanks to the strong customer and end-market diversification in Europe and the US, as well as robust cost pass-through mechanisms.

One Rock is an operationally focused private equity firm investing in real-economy sector businesses across North America and Europe. One Rock makes investments in companies with potential for growth and operational improvement using a rigorous approach that utilises highly experienced operating partners to identify, acquire, and enhance businesses in selected industries. The investment team is supported by a team of operating partners who are typically exclusive to One Rock and provide deep industry knowledge and functional expertise to drive value creation. The involvement of these operating partners is designed to afford One Rock the ability to conduct due diligence and consummate acquisitions and investments in all types of situations, regardless of complexity. One Rock works collaboratively with company management and its operating partners to develop a comprehensive business plan focused on growing the enterprise and its profitability to enhance long-term value. One Rock has offices in New York, London, and Los Angeles. One Rock portfolio companies have multiple facilities and manufacturing sites in all major European economies. Current One Rock European platform investments include Prefere Resins and Constantia Flexibles (signed July 2023).

Houlihan Lokey’s chemicals sector team previously served as sellside advisor to Silverfleet Capital, which sold the company to One Rock in July 2022.