DC Advisory advises Ancala on the financing of its acquisition of Valentra

Background

• Valentra is one of the largest dedicated chemical intermediate suppliers in the US, operating a strategically integrated, three-facility platform across the Gulf Coast in Texas and Louisiana
• Valentra ranks among the world’s largest suppliers of critical chemical building blocks that power major US industrial and agricultural end markets
• Valentra’s integrated platform provides direct pipeline delivery of chemical intermediates to customers’ manufacturing complexes, ensuring supply-chain efficiency
• Ancala is an independent infrastructure fund manager 

Process

• Ancala engaged DC Advisory as its exclusive financial advisor to support the debt raise for its acquisition of strategically located chemical production assets on the Gulf Coast
• Leveraging its extensive debt expertise, DC Advisory led a comprehensive financing process for Ancala, including debt structuring, running a competitive lender process, complex financial modeling, coordinating due diligence, reviewing and negotiating commercial documentation, and executing a deal-contingent hedge

Outcome

• The transaction closed in December 2025
• DC Advisory delivered a tailored and flexible debt package for Ancala, providing execution certainty for the acquisition
• Key highlights include:
  • Structuring and raising an Acquisition Term Loan Facility
  • Establishing a Revolving Credit Facility to support working capital
  • Designing a capital structure with corporate-infrastructure discipline, offering structural flexibility, attractive cash distributions and yield, and long-term support for the Sponsor’s growth strategy
• This transaction underscores DC Advisory’s expertise in structuring levered financing solutions for unique infrastructure credit profiles, delivered under compressed M&A timelines