M&A Deal Summary

Compagnie Financière Jousset Acquires SMAC

On April 25, 2024, Compagnie Financière Jousset acquired building materials company SMAC from OpenGate Capital

Acquisition Highlights
  • This is Compagnie Financière Jousset’s 1st transaction in the Building Materials sector.
  • This is Compagnie Financière Jousset’s 1st transaction in France.

M&A Deal Summary

Date 2024-04-25
Target SMAC
Sector Building Materials
Buyer(s) Compagnie Financière Jousset
Sellers(s) OpenGate Capital
Deal Type Add-on Acquisition

Target

SMAC

Issy-les-Moulineaux, France
website
SMAC is a provider of waterproofing and building envelope solutions. SMAC has a dedicated service and maintenance business, SMAC Assistance Service, and Essemes Services, focused on fire safety maintenance. SMAC was founded in 1884 and is based in Issy-les-Moulineaux, France.

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Buyer(S) 1

Buyer

Compagnie Financière Jousset

Paris, France

Category Company
Sector Financial Services
DESCRIPTION

Compagnie Financière Jousset is an investment holding company that invests its equity in industrial, services, or technology companies with solid fundamentals and strong growth potential. Compagnie Financière Jousset is based in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (France) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.


DEAL STATS #
Overall 28 of 28
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 12 of 12
Country (France) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Verdant

Houston, Texas, United States

Verdant is a global specialty chemical company that supports human well-being through the power of science and nature. Verdant is based in Houston, Texas.

Sell $250M