M&A Deal Summary

SKion Acquires Altana AG

On November 6, 2008, private equity firm SKion acquired chemicals company Altana AG

Acquisition Highlights
  • This is SKion’s 1st transaction in the Chemicals sector.
  • This is SKion’s 1st transaction in Germany.

M&A Deal Summary

Date 2008-11-06
Target Altana AG
Sector Chemicals
Buyer(s) SKion
Deal Type Buyout (LBO, MBO, MBI)

Target

Altana AG

Wesel, Germany
website
ALTANA develops, produces and sells high-quality innovative products in the specialty chemicals business. ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.

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Buyer(S) 1

DESCRIPTION

SKion GmbH is an investment group focused on growth oriented companies in the industrial and services sectors with forward-looking technologies and new business models. SKion was formed in 2006 and is based in Bad Homburg vor der Höhe, Germany.


DEAL STATS #
Overall 1 of 5
Sector (Chemicals) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (Germany) 1 of 3
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-16 Avista Oil

Uetze, Germany

Avista Oil is one of the enterprises in used oil upcycling in Europe. In this field, the group of companies performs the whole range of functions from the collection of used oils, to re-refining and production and to the international marketing and sale of high-quality base oils and their upgrading to lubricants. Avista Oil was founded in 1951 and is based in Uetze, Germany.

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