M&A Deal Summary

Investindustrial Acquires Benvic

On January 17, 2018, private equity firm Investindustrial acquired plastics company Benvic from OpenGate Capital and Optimal Investment Group

Acquisition Highlights
  • This is Investindustrial’s 1st transaction in the Plastics sector.
  • This is Investindustrial’s 2nd transaction in France.
Investment Fate
  • Benvic was sold to a strategic buyer in 2022.

M&A Deal Summary
Date 2018-01-17
Target Benvic
Sector Plastics
Buyer(s) Investindustrial
Sellers(s) OpenGate Capital
Optimal Investment Group
Deal Type Secondary Buyout

Target

Benvic

Chevigny Saint Sauveur, France
website
Benvic develops, produces and markets highly customized, innovative thermoplastic solutions based on PVC, TPE, HFFR and bio-polymers that are utilized across a wide range of rigid and flexible end-applications including building and construction, medical, automotive, aerospace, cabling, packaging and fluid transport. Benvic was founded in 1963 and is based in Chevigny Saint Sauveur, France.

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Buyer(S) 1

Buyer

Investindustrial

London, United Kingdom

Investor Investor

website

Category Private Equity Firm
Founded 1990
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Investindustrial is an investment firm focused on creating global leaders through organic growth and acquisitions. The Firm is operationally driven and seeks opportunities in Southern Europe. Areas of interest include services, consumer, retail, leisure, and industrial manufacturing. Investindustrial has offices in London, Luxembourg, Milan, Lugano, Barcelona, Shanghai, and New York.

DEAL STATS #
Overall 31 of 57
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 7 of 14
Country (France) 2 of 2
Year (2018) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 EmerU

Barcelona, Spain

EmerU is a private medical transportation operator, providing emergency ambulance transportation and non-urgent patient transportation services principally contracted on a long term basis with public administrations. EmerU is based in Barcelona, Sapin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 CEME

Trivolzio, Italy

CEME is a manufacturer of high and low pressure pumps, brass and plastic valves, pressure switches and flow meters which enable controlling the passage of any type of fluid: water, gas, steam or air. The company serves critical niche applications in end-markets such as single serve coffee machines (which today account for the majority of revenues), beverage and vending machines, water dispensing and air conditioning units as well as medical devices. CEME was founded in 1974 and is based in Carugate, Italy.

Buy -

Seller(S) 2

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 16 of 27
Sector (Plastics) 1 of 3
Type (Secondary Buyout) 5 of 7
Country (France) 3 of 6
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Mersive

Denver, Colorado, United States

Mersive transforms ordinary meeting spaces by enabling multiple users to share content collaboratively from laptops and mobile devices to in-room displays. Mersive delivers innovative software-based products that leverage commodity hardware and existing enterprise network infrastructure.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 Jøtul

Kråkerøy, Norway

Jøtul is a manufacturer and distributor of cast-iron stoves and fireplaces, inserts and cassettes. Jøtul has a strong global market position through the group’s primary brands Jøtul and Scan. Manufacturing mainly takes place in Norway and Denmark, with smaller units in France and the US. The company’s products are sold worldwide through its sales subsidiaries and distributors.

Buy -
SELLER

Optimal Investment Group

Investor Investor

website

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Optimal Investment Group is a private equity firm focused on acquiring control positions in North American companies with $20 to $500 million of revenue. The Firm is industry agnostic and will consider a variety of investment situations including buyouts, corporate carve-outs, and special situations. Optimal Investment Group was formed in 2006 and is based in Sherman Oaks, California.

DEAL STATS #
Overall 3 of 4
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (France) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-12 Technology Associates

Midvale, Utah, United States

Technology Associates is a wireless telecommunications deployment and professional services firm consisting of Site Acquisition, Architecture and Engineering Design, and Construction Project Management. Technology Associates was founded in 2005 and is based in Midvale, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 USA Dawgs

Las Vegas, Nevada, United States

USA Dawgs manufactures and markets footwear under the Dawgs, Hounds, and Doggers brand names. Dawgs’ signature Z-Sandal is wildly popular among all age groups and demographics across the United States. USA Dawgs was founded in 2006 and is based in Las Vegas, Nevada.

Buy -
Mergr

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