M&A Deal Summary

Elementis Acquires Mondo Minerals B.V.

On June 29, 2018, Elementis acquired metals/mining company Mondo Minerals B.V. from Advent International for 600M USD

Acquisition Highlights
  • This is Elementis’ 1st transaction in the Metals/Mining sector.
  • This is Elementis’ largest (disclosed) transaction.
  • This is Elementis’ 1st transaction in the Netherlands.

M&A Deal Summary
Date 2018-06-29
Target Mondo Minerals B.V.
Sector Metals/Mining
Buyer(s) Elementis
Sellers(s) Advent International
Deal Type Add-on Acquisition
Deal Value 600M USD

Target

Mondo Minerals B.V.

Amsterdam, Netherlands
website
Mondo Minerals B.V. is a European talc performance minerals business produces and supplies high quality and innovative talc products for use in a diverse range of end-markets, including plastics, coatings and paints, technical ceramics, pharmaceuticals and paper.

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Buyer(S) 1

Buyer

Elementis

London, United Kingdom

website

Category Company
Founded 1844
Sector Chemicals
Employees1,413
Revenue 880M USD (2021)
DESCRIPTION

Global leader in Chromium chemicals. Elementis was incorporated in 1844 and is based in London, the United Kingdom.

DEAL STATS #
Overall 5 of 5
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (Netherlands) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-20 Elementis - US Colourants Business

United States

Elementis - US Colourants Business is a supplier of colorant systems, chemical and pigment dispersions, where the products for that business are produced.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 SRL Dental

Ludwigshafen, Sweden

SRL Dental is a manufacturer and distributor of gypsum-based products and special alloys for dental and medical technology applications, 3D printing as well as technical mold design. SRL Dental is based in Ludwigshafen, Sweden.

Sell -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 171 of 209
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 66 of 79
Country (Netherlands) 6 of 7
Year (2018) 3 of 9
Size (of disclosed) 25 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 INNIO

Jenbach, Austria

INNIO is a provider of gas engines, power equipment, a digital platform, and related services for power generation and gas compression at or near the point of use. INNIO was founded in 2018 and is based in Jenbach, Austria.

Buy $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Maxam

Madrid, Spain

Maxam specializes in the design, development, manufacture, and application of energetic materials. It structures its activity into four business units: blasting solutions for mining, quarries, and civil works; cartridges and gun powders for use in hunting and recreational shooting; products and systems for the defense and security sector; and key raw materials for the nitro chemical industry. Maxam was founded in 1872 and is based in Madrid, Spain.

Sell -
Mergr

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