M&A Deal Summary

Kymera Acquires Fiven

On June 4, 2024, Kymera acquired building materials company Fiven from OpenGate Capital

Acquisition Highlights
  • This is Kymera’s 1st transaction in the Building Materials sector.
  • This is Kymera’s 1st transaction in France.

M&A Deal Summary

Date 2024-06-04
Target Fiven
Sector Building Materials
Buyer(s) Kymera
Sellers(s) OpenGate Capital
Deal Type Add-on Acquisition

Target

Fiven

Courbevoie, France
Fiven A/S is a producer of metallurgical feedstock, refractory materials abrasive grains, and products used in technical ceramics. Fiven A/S offers unique properties of hardness, thermal resistance, wear resistance, thermal conductivity, and chemical inertness. Fiven products are used in a wide array of applications including metallurgy, refractory materials, filtration products, and technical ceramics. Fiven has a global manufacturing footprint across Norway, Belgium, Brazil, and Venezuela, and will be headquartered in Oslo, Norway. Fiven products are sold to a diverse customer base across Europe, South America, North America, and Asia.

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Buyer(S) 1

Buyer

Kymera

Durham, North Carolina, United States

Category Company
Founded 1876
Sector Metals/Mining
DESCRIPTION

Kymera is a specialty materials company focused on aluminum and copper-based powders, granules, and pastes. The Company sells its products into a wide variety of end markets, including chemical, specialty auto, general industrial, additive manufacturing, mining, and aerospace applications. Kymera is the only non-ferrous metal powder producer with a global manufacturing footprint in the U.S., Australia, Europe, and Asia. Kymera's products are typically customized for the manufacturing processes of its over 1,500 active, long-tenured customers. Kymera was founded in 1876 and is based in Durham, North Carolina.


DEAL STATS #
Overall 8 of 8
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 6 of 6
Country (France) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-27 Royal Metal Powders

Maryville, Tennessee, United States

Royal Metal Powders is a manufacturer of water and air atomized powders, including copper, brass, bronze, nickel/silver, tin and phos copper. Royal Metal Powders is based in Maryville, Tennessee.

Buy -

Seller(S) 1

SELLER

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.


DEAL STATS #
Overall 29 of 29
Sector (Building Materials) 3 of 3
Type (Add-on Acquisition) 13 of 13
Country (France) 8 of 8
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-25 SMAC

Issy-les-Moulineaux, France

SMAC is a provider of waterproofing and building envelope solutions. SMAC has a dedicated service and maintenance business, SMAC Assistance Service, and Essemes Services, focused on fire safety maintenance. SMAC was founded in 1884 and is based in Issy-les-Moulineaux, France.

Sell -