M&A Deal Summary

Bain Capital Private Equity Acquires Diversey

On March 27, 2017, private equity firm Bain Capital Private Equity acquired chemicals company Diversey from Sealed Air for 3.2B USD

Acquisition Highlights
  • This is Bain Capital Private Equity’s 4th transaction in the Chemicals sector.
  • This is Bain Capital Private Equity’s 15th largest (disclosed) transaction.
  • This is Bain Capital Private Equity’s 87th transaction in the United States.
  • This is Bain Capital Private Equity’s 2nd transaction in South Carolina.
Investment Fate
  • Diversey went public in 2021.
  • Diversey was sold to a strategic buyer in 2023 for 6.8B USD.

M&A Deal Summary
Date 2017-03-27
Target Diversey
Sector Chemicals
Buyer(s) Bain Capital Private Equity
Sellers(s) Sealed Air
Deal Type Divestiture
Deal Value 3.2B USD

Target

Diversey

Fort Mill, South Carolina, United States
website
Diversey is a hygiene and cleaning solutions company that integrates chemicals, floor care machines, tools, and equipment, with a wide range of technology-based value-added services, food safety services, and water and energy management. Diversey was incorporated in 1923 and is based in Fort Mill, South Carolina.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 157 of 228
Sector (Chemicals) 4 of 7
Type (Divestiture) 29 of 38
State (South Carolina) 2 of 2
Country (United States) 87 of 121
Year (2017) 9 of 17
Size (of disclosed) 15 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-22 Macromill

Tokyo, Japan

Macromill is a provider of internet research services in Japan. Macromill was founded in 2000 and is based in Tokyo, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Altium Packaging

Atlanta, Georgia, United States

Altium Packaging is a customer-centric packaging solutions provider and manufacturer. Altium specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water, and beverage/juice segment. Altium Packaging is based in Atlanta, Georgia.

Sell $1.2B

Seller(S) 1

SELLER

Sealed Air

Charlotte, North Carolina, United States

website

Category Company
Founded 1960
Sector Packaging
Employees16,500
Revenue 5.5B USD (2021)
DESCRIPTION
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.

Sealed Air is a global provider of food safety and security, facility hygiene and product protection. Sealed Air serves an array of end markets including food and beverage processing, food service, retail, healthcare and industrial, and commercial and consumer applications. Sealed Air was formed in 1960 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 5 of 5
Sector (Chemicals) 1 of 1
Type (Divestiture) 5 of 5
State (South Carolina) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-14 Tampereen Teollsuussähkö Oy

Tampere, Finland

Tampereen Teollsuussähkö Oy (TTS-Ciptec) is a company that optimizes cleaning in place systems through remote monitoring capabilities and predictive analytics services for industrial use in brewing, beverage and dairy companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Daylight Medical - UVC Disinfection Business

Middleburg Heights, Ohio, United States

Daylight Medical, Inc. - UVC Disinfection Business includes MoonBeam3™ disinfection system, SKY™ 6Xi and 7Xi devices, as well as a robust, ground-breaking pipeline of futures.

Buy -
Mergr

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