M&A Deal Summary

CVC Capital Partners Acquires ParexGroup SA

On March 26, 2014, private equity firm CVC Capital Partners acquired building materials company ParexGroup SA from Cromology

Acquisition Highlights
  • This is CVC Capital Partners’ 5th transaction in the Building Materials sector.
  • This is CVC Capital Partners’ 9th transaction in France.
Investment Fate
  • ParexGroup SA was sold to a publicly-traded strategic buyer in 2019.

M&A Deal Summary

Date 2014-03-26
Target ParexGroup SA
Sector Building Materials
Buyer(s) CVC Capital Partners
Sellers(s) Cromology
Deal Type Divestiture

Target

ParexGroup SA

Issy-les-Moulineaux Cedex, France
website
ParexGroup SA is a provider of specialty dry-mix solutions for the construction industry. The company offers a broad range of products under recognized brands through three core business lines: façade decoration and protection, ceramic tiles setting materials and waterproofing systems. Parex products range is exposed to various end-markets within the construction industry, notably renovation and residential new build.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 162 of 319
Sector (Building Materials) 5 of 8
Type (Divestiture) 18 of 37
Country (France) 9 of 17
Year (2014) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-25 Synsam

Stockholm, Sweden

Synsam is a lifestyle company in optical retail and eye health in the Nordics. The group operates through directly-owned (DOS) and franchise stores as well as online. Synsam offers a comprehensive and innovative range of eyewear products and services, including a subscription model for spectacles and contact lenses and routine eye examinations. Synsam was founded in 1968 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-11 Flint Group Germany

Ahaus-Ottenstein, Germany

Flint Group is a leading supplier of diversified consumable graphic arts products to the global printing, converting, and colorants industry. Inks include packaging inks, heatset inks (used primarily for printing glossy magazines), coldset inks (both colour and black newspaper ink), sheet-fed inks (short-run commercial applications) and publication gravure inks (high-run printed media).

Sell €2.2B

Seller(S) 1

SELLER

Cromology

Clichy, France

website


Category Company
Founded 1986
Sector Chemicals
Employees3,650
Revenue 665M EUR (2018)
DESCRIPTION

Cromology designs, manufactures, sells, and distributes a wide range of decorative paints and products to professionals and consumers through its presence in eight European countries. 65% of its activity is in France, 35% in Southern Europe, and in the rest of the world. Cromology was founded in 1986 and is based in Clichy, France.


DEAL STATS #
Overall 1 of 2
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 2
Country (France) 1 of 2
Year (2014) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Chryso

Issy-les-Moulineaux, France

Chryso is an international producer of additives and admixtures which improve the performance of concrete and cement, and construction systems for the repair and maintenance of buildings. Additives and admixtures are used in concrete and cement in order to improve properties such as ease of handling, setting/dying time, fluidity, and resistance to mechanical damage. Formulations are manufactured for use in concrete repair, flooring, adhesives, and waterproofing. Chryso is based in Issy-les-Moulineaux, France.

Sell €285M