M&A Deal Summary

Platinum Equity Acquires Imerys SA s High Temperature Solutions Business

On July 28, 2022, private equity firm Platinum Equity acquired business services company Imerys SA s High Temperature Solutions Business from Imerys for 930M EUR

Acquisition Highlights
  • This is Platinum Equity’s 11th transaction in the Business Services sector.
  • This is Platinum Equity’s 15th largest (disclosed) transaction.
  • This is Platinum Equity’s 3rd transaction in France.

M&A Deal Summary
Date 2022-07-28
Target Imerys SA s High Temperature Solutions Business
Sector Business Services
Buyer(s) Platinum Equity
Sellers(s) Imerys
Deal Type Divestiture
Deal Value 930M EUR

Target

Imerys SA s High Temperature Solutions Business

Paris, France
Imerys SA's High Temperature Solutions Business is a global provider of refractory solutions serving more than 6,000 customers in the iron and steel, thermal, and foundry markets.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 131 of 141
Sector (Business Services) 11 of 11
Type (Divestiture) 56 of 59
Country (France) 3 of 3
Year (2022) 3 of 3
Size (of disclosed) 15 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Hop Lun

Hong Kong, China

Hop Lun is a designer and manufacturer of intimate apparel and is a top provider of bra solutions in the US, UK, and EU. Hop Lun was founded in 1992 and is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-20 HarbisonWalker International

Pittsburgh, Pennsylvania, United States

HarbisonWalker International is an operator of refractory products and services supplier in North America. HarbisonWalker International's network spans North America, Europe, and Asia, with 16 manufacturing facilities, 22 global sourcing centers, and technology facilities in both the United States and China. Serving virtually every major industry that requires refractory solutions to enhance production and protect assets, HarbisonWalker International is based in Pittsburgh, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Imerys

Paris, France

website

Category Company
Founded 1880
Sector Packaging
Employees13,627
Revenue 4.3B EUR (2022)
DESCRIPTION

Imerys manufactures paper and paper packaging products. Imerys was founded in 1880 and is headquartered in Paris, France.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
Country (France) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-06 Regain Polymers

West Yorkshire, United Kingdom

Regain Polymers provides bespoke compounder and recycler of post-use, rigid plastics. Regain Polymers is based in West Yorkshire, United Kingdom.

Buy -
Mergr

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