M&A Deal Summary

Bain Capital Private Equity Acquires Italmatch

On June 28, 2018, private equity firm Bain Capital Private Equity acquired chemicals company Italmatch from Ardian

Acquisition Highlights
  • This is Bain Capital Private Equity’s 5th transaction in the Chemicals sector.
  • This is Bain Capital Private Equity’s 8th transaction in Italy.
Investment Fate
  • Italmatch was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2018-06-28
Target Italmatch
Sector Chemicals
Buyer(s) Bain Capital Private Equity
Sellers(s) Ardian
Deal Type Secondary Buyout
Advisor(s) Nunziante Magrone Studio Legale Associato (Legal)

Target

Italmatch

Genoa, Italy
website
Italmatch is a chemical group, specialized in performance additives for water treatment, oil & gas, lubricants and plastics, and boasts a wide product range able to fulfil the requirements of the most demanding applications, including personal care. Italmatch was founded in 1997 and is based in Genoa, Italy.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 172 of 227
Sector (Chemicals) 5 of 7
Type (Secondary Buyout) 38 of 63
Country (Italy) 8 of 10
Year (2018) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Varsity Brands

Memphis, Tennessee, United States

Varsity Brands is a provider of goods and services to the school spirit industry. Varsity designs, markets and manufactures cheerleading and dance team uniforms and accessories. With a mission to inspire achievement and create memorable experiences for young people, Varsity Brands elevates the student experience, promotes participation and celebrates achievement through three unique but interrelated businesses: BSN SPORTS; Varsity Spirit; and Herff Jones. Together, these businesses promote personal, school and community pride through their customizable products and programs to elementary and middle schools, high schools, and colleges and universities, as well as church organizations, professional and collegiate sports teams and corporations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-29 Centrient Pharmaceuticals

Rotterdam, Netherlands

Centrient Pharmaceuticals is a provider of sustainable antibiotics, next-generation statins and anti-fungals. Centrient develops, produces and sells intermediates, active pharmaceutical ingredients and finished dosage form pharmaceuticals.

Buy -

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 155 of 217
Sector (Chemicals) 7 of 9
Type (Secondary Buyout) 60 of 84
Country (Italy) 13 of 15
Year (2018) 13 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-27 JAKALA

Milan, Italy

Jakala offers an integrated set of solutions that empower enterprises to better utilize technology and data to meet modern marketing and sales requirements across a variety of international markets, including the US, Brazil, and Poland. JAKALA was founded in 2000 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 SUSE

Nürnberg, Luxembourg

SUSE is a pioneer and global independent leader in open source software, specializing in Linux enterprise operating systems, container management and storage, and Edge software solutions, relied upon by many of the world’s largest enterprises to power mission-critical workloads and accelerate their digital transformation. SUSE was founded in 1992 and is based in Nurnberg, Germany.

Buy $2.5B
Mergr

Product

Company

Legal