M&A Deal Summary

Optimal Investment Group and OpenGate Capital Acquires Kem One SAS

On December 20, 2013, private equity firms Optimal Investment Group and OpenGate Capital acquired chemicals company Kem One SAS from Klesch & Company Ltd.

Acquisition Highlights
  • This is Optimal Investment Group’s 1st and OpenGate Capital’s 1st transaction in the Chemicals sector.
  • This is Optimal Investment Group’s 1st and OpenGate Capital’s 5th transaction in France.

M&A Deal Summary

Date 2013-12-20
Target Kem One SAS
Sector Chemicals
Buyer(s) Optimal Investment Group
OpenGate Capital
Sellers(s) Klesch & Company Ltd.
Deal Type Divestiture
Advisor(s) Daiwa Corporate Advisory Ltd. (DC Advisory) (Financial)

Target

Kem One SAS

Lyon, France
website
Kem One SAS is the second largest producer of PVC in Europe offering chlorochemicals and vinyl solutions for application in various sectors including construction, agriculture and healthcare. The business is headquartered in Lyon, France and employs approximately 1,300 people across its production facilities in France and Spain, and sales offices in Germany and Italy.

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Buyer(S) 2

Buyer

Optimal Investment Group

website


Category Private Equity Firm
Founded 2006
SizeSmall
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 5 of 9
Sector (Chemicals) 1 of 1
Type (Divestiture) 2 of 3
Country (France) 1 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Models1 Ltd.

London, United Kingdom

Models1 Ltd. is a model and talent agency in Europe, providing many high profile models to major customers such as Marks and Spencer, Prada, Giorgio Armani, Addidas, Elle, Gucci, Vogue and MTV to name a few. Models on their books include model of the year Agyness Deyn, Linda Evangelista, Yasmin Le Bon, Karolina Kurkova, Twiggy, Angie Everhart, Leah Wood and Noemie Lenoir.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-10 Benvic Europe SAS

Chevigny Saint Sauveur, France

Benvic develops, produces and markets highly customized, innovative thermoplastic solutions based on PVC, TPE, HFFR and bio-polymers that are utilized across a wide range of rigid and flexible end-applications including building and construction, medical, automotive, aerospace, cabling, packaging and fluid transport.

Buy -
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 19 of 42
Sector (Chemicals) 1 of 3
Type (Divestiture) 13 of 28
Country (France) 5 of 11
Year (2013) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-19 PennySaver USA Publishing LLC

Brea, California, United States

PennySaver USA Publishing LLC is a provider of print and digital, hyper-local, marketing and advertising services to California-based and nationwide customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-28 AGIS Fire & Security Sp. z o.o.

Warsaw, Poland

AGIS Fire & Security distributes electronic security and fire protection solutions in Poland, Greece, Finland, and Hungary.

Buy -

Seller(S) 1

SELLER

Klesch & Company Ltd.

London, United Kingdom

website


Category Company
Founded 1990
SectorMetals/Mining
DESCRIPTION

The Klesch Group is a global industrial company that acquires commodity producing companies. Klesch looks to acquire and integrate companies in Metals and Mining, Oil and Gas, Power Generation, Chemicals, Traditional Industrials, and Infrastructure.


DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 2
Country (France) 1 of 2
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 IVY Group

Reims, France

NAKAN is a global leader in PVC, TPE and TPO compounds for selected markets: Automotive Industry, Healthcare, Packaging, Consumer Goods, Building & Construction. The wide range of Nakan products includes rigid and flexible grades for extrusion, injection, pressing and roto-molding: a full set of possibilities for manufacturers and end-users to answer any specific application.

Sell -