M&A Deal Summary

Castle Harlan Acquires Statia Terminals Group NV

On December 4, 1996, private equity firm Castle Harlan acquired transportation company Statia Terminals Group NV from Praxair for 235M USD

Acquisition Highlights
  • This is Castle Harlan’s 1st transaction in the Transportation sector.
  • This is Castle Harlan’s 11th largest (disclosed) transaction.
  • This is Castle Harlan’s 1st transaction in Netherlands Antilles.
Investment Fate
  • Statia Terminals Group NV was sold to a strategic buyer in 2001 for 307M USD.

M&A Deal Summary

Date 1996-12-04
Target Statia Terminals Group NV
Sector Transportation
Buyer(s) Castle Harlan
Sellers(s) Praxair
Deal Type Divestiture
Deal Value 235M USD

Target

Statia Terminals Group NV

Curacao, Netherlands Antilles
Statia Terminals Group NV is a independent marine terminal companies.

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Buyer(S) 1

Buyer

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 7 of 46
Sector (Transportation) 1 of 2
Type (Divestiture) 1 of 7
Country (Netherlands Antilles) 1 of 1
Year (1996) 2 of 2
Size (of disclosed) 11 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-11-07 Smarte Carte

St. Paul, Minnesota, United States

Smarte Carte is a provider of baggage cart, locker and stroller services operating in airports, train stations, bus terminals, shopping centers and entertainment facilities around the world. Smarte Carte was founded in 1967 and is based in St. Paul, Minnesota.

Sell $114M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Carret

New York, New York, United States

Carret and Company, LLC is headquartered in New York City and has branch offices in Hanover, New Hampshire; Baltimore, Maryland; Santa Fe, New Mexico and Garden City, New York. Today, the firm manages more than $2 billion in assets for private investors, trusts, estates, Taft-Hartley funds, pension plans, charitable institutions and corporations.

Buy -

Seller(S) 1

SELLER

Praxair

Danbury, Connecticut, United States

website


Category Company
Founded 1907
Sector Chemicals
Revenue 10.5B USD (2016)
DESCRIPTION
View of Praxair's corporate headquarters in Danbury, Connecticut.
View of Praxair's corporate headquarters in Danbury, Connecticut.

Praxair is an industrial gases company that produces, sells, and distributes atmospheric and process gases, and high-performance surface coatings. The company's products, services, and technologies serve a variety of industries including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals, and others. Praxair was formed in 1907 and is based in Danbury, Connecticut.


DEAL STATS #
Overall 1 of 4
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 4
Country (Netherlands Antilles) 1 of 1
Year (1996) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-17 Gas Technologie

Hattingen, Germany

Gas Technologie GmbH is a cylinder filling, sales and distribution of industrial, medical, specialty and fuel gases, and of refrigerants.

Buy -