As editor of A couple of Hall of Famers -- one from plastics, one from the NFL -- are part of a new private equity firm that is on the hunt for middle-market leveraged buyouts.
Jon Huntsman Sr., the founder and former chairman of Huntsman Corp., is the plastics guy. The football Hall of Famer is former San Francisco 49er Steve Young. Also on the team is Robert C. Gay, the former managing director of private equity player Bain Capital. The name of the new firm is Huntsman Gay Global Capital LLC.
According to this San Jose Mercury News story, Huntsman Gay has $1.1 billion that it plans to invest in companies in companies with $20 million to $100 million in annual sales.
This information kit from the company (PDF) adds that the fund will look primarily in the United States for buyouts, and will "continue to follow the proven methodologies of the Huntsman Corp. and Bain Capital."
Neither the Mercury News story nor the Huntsman Gay Web site mention plastics as a specific target for the new firm. But both Huntsman and Bain have been players in the world of plastics M&A. So it wouldn't be a big stretch to assume that the new firm will eventually end up with some polymer-related assets.