M&A Deal Summary

OpenGate Capital Acquires Verdant

On January 5, 2021, private equity firm OpenGate Capital acquired chemicals company Verdant from Solvay

Acquisition Highlights
  • This is OpenGate Capital’s 3rd transaction in the Chemicals sector.
  • This is OpenGate Capital’s 15th transaction in the United States.
  • This is OpenGate Capital’s 1st transaction in Texas.
Investment Fate
  • Verdant was sold to a publicly-traded strategic buyer in 2023 for 250M USD.

M&A Deal Summary
Date 2021-01-05
Target Verdant
Sector Chemicals
Buyer(s) OpenGate Capital
Sellers(s) Solvay
Deal Type Divestiture

Target

Verdant

Houston, Texas, United States
website
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.

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Buyer(S) 1

Buyer

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 40 of 47
Sector (Chemicals) 3 of 5
Type (Divestiture) 26 of 29
State (Texas) 1 of 2
Country (United States) 15 of 19
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Kongsberg

Ghent, Belgium

Kongsberg is a manufacturer of digital cutting systems, a global developer of integrated software and hardware solutions for the packaging, label, and wide format sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Bois & Matériaux

Pace, France

Bois & Matériaux is a distributor of building materials based in Pace, France. The business has two established brands: Réseau Pro and Panofrance. B&M also has a single-branch business, Guimier, a specialty supplier of architectural plaster moldings to the Parisian market. B&M distributes building materials to more than 12,000 trade customers in the residential market, evenly split between new-build and renovation projects.

Sell -

Seller(S) 1

SELLER

Solvay

Brussels, Belgium

website

Category Company
Founded 1863
Sector Chemicals
Employees23,000
Revenue 9.7B EUR (2020)
DESCRIPTION

Solvay is a Belgian chemical company. Solvay was incorporated in 1863 and is based in Brussels, Belgium.

DEAL STATS #
Overall 10 of 10
Sector (Chemicals) 6 of 6
Type (Divestiture) 7 of 7
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Kandelium

Bad Honningen, Germany

Kandelium is a barium and strontium, and sodium percarbonate Businesses. Kandelium is based in Bad Honningen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Invizius

North Lanarkshire, United Kingdom

Invizius is a biotechnology company developing treatments to suppress unwanted innate immune responses. Invizius was founded in 2018 and is based in North Lanarkshire, United Kingdom.

Buy -
Mergr

Product

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