M&A Deal Summary

OpenGate Capital Acquires EverZinc

On June 1, 2016, private equity firm OpenGate Capital acquired chemicals company EverZinc from Umicore SA for 142M EUR

Acquisition Highlights
  • This is OpenGate Capital’s 2nd transaction in the Chemicals sector.
  • This is OpenGate Capital’s 0th largest (disclosed) transaction.
  • This is OpenGate Capital’s 2nd transaction in Belgium.

M&A Deal Summary

Date 2016-06-01
Target EverZinc
Sector Chemicals
Buyer(s) OpenGate Capital
Sellers(s) Umicore SA
Deal Type Divestiture
Deal Value 142M EUR

Target

EverZinc

Angleur, Belgium
website
EverZinc engages in the production of zinc chemicals with three product lines: fine zinc powders, zinc oxide and zinc powders for batteries. Industrial operations are located in Belgium, the Netherlands, Norway, China and Malaysia. EverZinc is also a recycler of galvanizing residues in the world. Over 100.000 tons of recyclable materials are refined and transformed through proprietary processes into high quality products.

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Buyer(S) 1

Buyer

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 305M USD
SizeMiddle-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 company size range is $50 million to $1 billion. OpenGate Capital was formed in 2005 and has offices in Los Angeles and Paris.


DEAL STATS #
Overall 26 of 45
Sector (Chemicals) 2 of 5
Type (Divestiture) 19 of 28
Country (Belgium) 2 of 4
Year (2016) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Bois & Matériaux

Pace, France

Bois & Matériaux is a distributor of building materials based in Pace, France. The business has two established brands: Réseau Pro and Panofrance. B&M also has a single-branch business, Guimier, a specialty supplier of architectural plaster moldings to the Parisian market. B&M distributes building materials to more than 12,000 trade customers in the residential market, evenly split between new-build and renovation projects.

Buy €25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Alfatherm S.p.A.

Venegono Superiore, Italy

Alfatherm is a producer of PVC film and sheets. It offers rigid, flexible, stretched, semi rigid, plasticized, expanded, and flocked film.

Buy -

Seller(S) 1

SELLER

Umicore SA

Brussels, Belgium

website


Category Company
Founded 1805
SectorEnvironmental
Employees10,999
Revenue 20.7B EUR (2020)
DESCRIPTION

Umicore operates as a materials technology and recycling company worldwide. Umicore was incorporated in 1805 and is based in Brussels, Belgium.


DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 1 of 1
Type (Divestiture) 2 of 2
Country (Belgium) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-04 Umicore Recycling Facility

United States

Umicore Recycling Facility comprises the state-of-the-art scrap catalytic convertor processing facility. The Maxton facility can process 4 million pounds of ceramic converters annually. It also is one of few locations in the world with a PGM (platinum group metals) recycling process for metal foil converters with the ability to process 3.5 million pounds per year.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-09 Eurotungstene Powders SAS

Grenoble, France

Eurotungstene Powders SAS is a provider of metal powders and binders for diamond tools, cemented carbides, high-density materials, metal injection moulding. Eurotungstene specialises in processing cobalt, tungsten carbide, tungsten, tungsten-copper and rhenium under powder and granule forms.

Buy -