M&A Deal Summary

Firmenich SA Acquires Agilex Flavors & Fragrances

On June 14, 2017, Firmenich SA acquired consumer products company Agilex Flavors & Fragrances from MidOcean Partners, AEA Investors and Triangle Capital

Acquisition Highlights
  • This is Firmenich SA’s 1st transaction in the Consumer Products sector.
  • This is Firmenich SA’s 1st transaction in the United States.
  • This is Firmenich SA’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2017-06-14
Target Agilex Flavors & Fragrances
Sector Consumer Products
Buyer(s) Firmenich SA
Sellers(s) MidOcean Partners
AEA Investors
Triangle Capital
Deal Type Add-on Acquisition

Target

Agilex Flavors & Fragrances

Piscataway, New Jersey, United States
website
Agilex Flavors & Fragrances, Inc. is a provider of fragrance products and related technical services. Agilex’s formulations are used in candle and air scents, personal care, household and industrial products. Agilex Flavors & Fragrances, Inc. was established in 1999 and is headquartered in Piscataway, New Jersey.

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Buyer(S) 1

Buyer

Firmenich SA

Meyrin, Switzerland

website

Category Company
Founded 1895
Sector Consumer Products
Employees6,500
DESCRIPTION

Firmenich SA is a manufacturer of fragrances and flavors. Firmenich perfumes and flavors that billions of consumers enjoy each day. Firmenich SA was founded in 1895 and is based in Meyrin, Switzerland.

DEAL STATS #
Overall 1 of 5
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (New Jersey) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 Senomyx

San Diego, California, United States

Senomyx, Inc. is a provider of new and improved proprietary flavor and fragrance molecules for use in a wide range of consumer products. Senomyx’s integrated technology platform combines an enhanced understanding of the biology of taste and smell with many of the same technologies and advancements that pharmaceutical companies have recently begun using to more efficiently discover new medicines. Senomyx, Inc. was founded in 1998 and is based in San Diego, California.

Buy -

Seller(S) 3

SELLER

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 26 of 34
Sector (Consumer Products) 5 of 9
Type (Add-on Acquisition) 14 of 18
State (New Jersey) 2 of 2
Country (United States) 21 of 29
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 System One

Pittsburgh, Pennsylvania, United States

System One is a provider of managed staffing and technical outsourcing solutions to improve productivity, specializing in the energy, engineering, information technology, commercial and scientific sectors. System One is the sixth largest engineering staffing companies and the forty-second largest staffing company overall in the U.S. System One is based in Pittsburgh, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-21 Affinity Dental Management

Holyoke, Massachusetts, United States

Affinity Dental Management is a dental services organization that provides comprehensive practice management and administrative support services for practices across Massachusetts, Connecticut and Vermont. Affinity’s primary focus is supporting its affiliated practices in their efforts to provide excellent clinical care for patients. Affinity Dental Management is based in Holyoke, Massachusetts.

Buy -
SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1968
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.

DEAL STATS #
Overall 47 of 76
Sector (Consumer Products) 5 of 8
Type (Add-on Acquisition) 18 of 25
State (New Jersey) 3 of 4
Country (United States) 44 of 69
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-30 NCS

Grimes, Iowa, United States

NCS is a full-service fluids and systems provider to the vehicle care industry, including car wash systems, aftermarket parts, cleaning fluids, and vacuums all supported through its industry-leading distribution and services footprint. NCS was founded in 1973 and is based in Grimes, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-22 Melissa & Doug

Wilton, Connecticut, United States

Melissa & Doug is a designer and manufacturer of children’s toys, including wooden puzzles, arts & crafts products, plush toys and other educational toys. Melissa & Doug was founded in 1988 and is based in Wilton, Connecticut.

Buy -
SELLER

Triangle Capital

Raleigh, North Carolina, United States

website

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 46 of 70
Sector (Consumer Products) 6 of 6
Type (Add-on Acquisition) 23 of 33
State (New Jersey) 1 of 2
Country (United States) 46 of 69
Year (2017) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-26 APM Holdings

United States

APM Holdings LLC is a manufacturer of high-purity chemicals for the pharmaceutical, biopharmaceutical, semiconductor and laboratory markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-19 My Alarm Center

Newtown Square, Pennsylvania, United States

My Alarm Center is a security company, provides resources to independent alarm companies, as well as advanced security services and home automation to households and businesses. My Alarm Center was founded in 2000 and is based in Newtown Square, Pennsylvania.

Sell -
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