M&A Deal Summary

Cosan Lubes Investments Limited Acquires PetroChoice Holdings

On May 23, 2022, Cosan Lubes Investments Limited acquired distribution company PetroChoice Holdings, Inc. from Golden Gate Capital for 479M USD

Acquisition Highlights
  • This is Cosan Lubes Investments Limited’s 1st transaction in the Distribution sector.
  • This is Cosan Lubes Investments Limited’s 1st largest (disclosed) transaction.
  • This is Cosan Lubes Investments Limited’s 1st transaction in the United States.
  • This is Cosan Lubes Investments Limited’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2022-05-23
Target PetroChoice Holdings, Inc.
Sector Distribution
Buyer(s) Cosan Lubes Investments Limited
Sellers(s) Golden Gate Capital
Deal Type Add-on Acquisition
Deal Value 479M USD
Advisor(s) Moelis & Co. (Financial)
Reed Smith LLP
Kirkland & Ellis LLP (Legal)

Target

PetroChoice Holdings, Inc.

King of Prussia, Pennsylvania, United States
website
PetroChoice is the largest lubricant distributor in the United States, providing business solutions for industrial lubricant needs and commercial and passenger car motor oil. PetroChoice was founded in 1969 and is headquartered in King of Prussia, Pennsylvania.

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Buyer(S) 1

Buyer

Cosan Lubes Investments Limited

Sao Paulo, Brazil

website


Category Company
SectorDistribution
DESCRIPTION

Moove is a Latin American manufacturer and distributor of specialty lubricants. Moove is the sole manufacturer of Mobil-branded specialty lubricants in Brazil and has the exclusive rights to commercialize products in Brazil, Argentina, Uruguay, Paraguay and Bolivia. Within Latin America, Moove sells via a network of exclusive distributors and directly to large industrial groups and OEMs.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 15.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 78 of 78
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 36 of 36
State (Pennsylvania) 3 of 3
Country (United States) 70 of 70
Year (2022) 1 of 1
Size (of disclosed) 13 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Ensemble Health Partners

Cincinnati, Ohio, United States

Ensemble Health Partners is a provider of technology-enabled revenue cycle management solutions for health systems, including hospitals and affiliated physician groups. Ensemble Health Partners offers end-to-end revenue cycle solutions as well as a comprehensive suite of point solutions to clients across the country. Ensemble Health Partners was founded in 2014 and is based in Huntersville, North Carolina.

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