M&A Deal Summary

Kingspan Acquires Joris Ide Group

On January 23, 2015, Kingspan acquired manufacturer Joris Ide Group from Apheon for 315M EUR

Acquisition Highlights
  • This is Kingspan’s 1st transaction in the Manufacturing sector.
  • This is Kingspan’s largest (disclosed) transaction.
  • This is Kingspan’s 1st transaction in Belgium.

M&A Deal Summary
Date 2015-01-23
Target Joris Ide Group
Sector Manufacturing
Buyer(s) Kingspan
Sellers(s) Apheon
Deal Type Add-on Acquisition
Deal Value 315M EUR

Target

Joris Ide Group

Zwevezele, Belgium
website
Joris Ide Group is the independent manufacturer of steel profiles and insulated panels used for roofing and cladding in the Benelux, with significant market positions in France and Eastern Europe.

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Buyer(S) 1

Buyer

Kingspan

Kingscourt, Ireland

website

Category Company
Founded 1965
Sector Building Materials
Employees15,000
Revenue 6.5B EUR (2021)
DESCRIPTION

Kingspan is a provider in high performance insulation, building fabric and solar integrated building envelopes. Kingspan delivers high efficiency, low cost and low carbon building solutions across a broad range of market sectors. Kingspan was founded in 1965 and is based in Kingscourt, Ireland.

DEAL STATS #
Overall 10 of 16
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 6 of 10
Country (Belgium) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-13 Pactiv - Building Products business

United States

Pactiv Building Products, which goes to market under the GreenGuard® brand, is a North American designer, producer and marketer of building insulation products used in new construction and remodel projects for residential and commercial markets

Buy $82M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 Isoeste Constructivos Isotérmicos

Goiás, Brazil

Isoeste Constructivos Isotérmicos Ltda. is an insulated panel manufacturer in Brazil, operating from four sites with approximately 630 employees.

Buy -

Seller(S) 1

SELLER

Apheon

Brussels, Belgium

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 2.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Apheon is a generalist private equity firm that invests in middle-market companies throughout the Benelux, Italy, Iberia, France, and Switzerland. Ergon looks to invest €25 to €75 million in businesses with sustainable competitive advantages and operating in 'attractive' niche markets. Apheon was formerly knowns as Ergon Capital Partners. The Firm was formed in 2005 and is based in Luxembourg.

DEAL STATS #
Overall 9 of 17
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 1 of 2
Country (Belgium) 4 of 5
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-30 Corialis

Lokeren, Belgium

Corialis is a manufacturer of aluminum profiles and systems, supplying door, window, and conservatory manufacturers in both the new construction and refurbishment markets. Corialis was founded in 1984 and is based in Lokeren, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-19 Golden Goose

Milan, Italy

Golden Goose is a designer of contemporary luxury casual wear and accessories, mostly known globally for its Golden Goose sneakers brand. Golden Goose Deluxe Brand develops total look collections for both men and women and caters to the needs of quality-conscious sophisticated customers in search of a lifestyle brand that offers distinctiveness and differentiation from the mainstream global luxury brands. Golden Goose was founded in 2000 and is based in Milan, Italy.

Buy -
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