M&A Deal Summary

Asahi Kasei Acquires Sage Automotive Interiors

On July 19, 2018, Asahi Kasei acquired automotive company Sage Automotive Interiors from Clearlake Capital for 1.1B USD

Acquisition Highlights
  • This is Asahi Kasei’s 1st transaction in the Automotive sector.
  • This is Asahi Kasei’s 3rd largest (disclosed) transaction.
  • This is Asahi Kasei’s 3rd transaction in the United States.
  • This is Asahi Kasei’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2018-07-19
Target Sage Automotive Interiors
Sector Automotive
Buyer(s) Asahi Kasei
Sellers(s) Clearlake Capital
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Sage Automotive Interiors

Greenville, South Carolina, United States
website
Sage Automotive Interiors, Inc. is a provider of an automotive bodycloth, including a range of knit and woven technical textiles, to many of the world's leading automobile manufacturers. Sage has global offices and manufacturing locations in the U.S., Brazil, United Kingdom, China, Korea and Japan and has contract manufacturing relationships worldwide.

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Buyer(S) 1

Buyer

Asahi Kasei

Tokyo, Japan

website

Category Company
Founded 1922
Sector Chemicals
Employees46,751
Revenue 2,461.3B JPY (2022)
DESCRIPTION

Asahi Kasei provides chemicals Segment offers organic and inorganic industrial chemicals, synthetic resin, synthetic rubber, high-compound fertilizer, coating materials, latex, pharmaceutical and food additives, explosives, photopolymers and platemaking systems, separation and ion-exchange membranes, systems, and equipment. Asahi Kasei was incorporated in 1922 and is based in Tokyo, Japan.

DEAL STATS #
Overall 3 of 5
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (South Carolina) 1 of 1
Country (United States) 3 of 5
Year (2018) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 Polypore International

Charlotte, North Carolina, United States

Polypore International, Inc. is a global manufacturer of highly engineered filtration products used in the power storage, healthcare, electronics and specialty technology industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Erickson Construction

Chandler, Arizona, United States

Erickson Construction Co., Inc. is a construction services and pre-fabricated building products company. It provides turnkey framing services, framing packages, trusses, and other products to builders and developers. Erickson Construction Co., Inc. was founded in 1975 and is based in Chandler, Arizona.

Buy -

Seller(S) 1

SELLER

Clearlake Capital

Santa Monica, California, United States

website

Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 21 of 34
Sector (Automotive) 2 of 3
Type (Add-on Acquisition) 7 of 14
State (South Carolina) 1 of 1
Country (United States) 20 of 32
Year (2018) 2 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 AMCS

Limerick, Ireland

AMCS is a supplier of integrated software and vehicle technology for the waste, recycling and material resources industries. AMCS Platform is a suite of best-in-class SaaS solutions that includes industry-specific Enterprise Management Software, Intelligent Optimisation, Mobile Workforce, Vehicle Technology, Digital Engagement and Analytics solutions, which delivers digital innovation to the emerging circular economy around the world. AMCS was founded in 2003 and is based in Limerick, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 BeyondTrust

Johns Creek, Georgia, United States

BeyondTrust is a provider of Privileged Access Management (PAM) software solutions, empowering organizations to secure and manage privileges across passwords, endpoints, and access while enhancing control and visibility. BeyondTrust was founded in 1985 and is based in Johns Creek, Georgia.

Buy -
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