M&A Deal Summary

Samyang Acquires Verdant

On December 18, 2023, Samyang acquired chemicals company Verdant from OpenGate Capital for 250M USD

Acquisition Highlights
  • This is Samyang’s 1st transaction in the Chemicals sector.
  • This is Samyang’s largest (disclosed) transaction.
  • This is Samyang’s 1st transaction in the United States.
  • This is Samyang’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-12-18
Target Verdant
Sector Chemicals
Buyer(s) Samyang
Sellers(s) OpenGate Capital
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

Verdant

Houston, Texas, United States
website
Verdant is a global specialty chemical company that supports human well-being through the power of science and nature. Verdant is based in Houston, Texas.

Search 193,381 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Samyang

Seoul, South Korea

website

Category Company
Founded 1924
Sector Diversified
Revenue 3,316.8B KRW (2022)
DESCRIPTION

Samyang global conglomerate comprising of chemicals, bio-pharmaceuticals, food ingredients and beverage packaging businesses.Samyang was founded in 1924 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website

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 27 of 28
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 11 of 12
State (Texas) 1 of 1
Country (United States) 10 of 10
Year (2023) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-22 Player One Amusement Group

Mississauga, Ontario, Canada

Player One Amusement Group provides amusement gaming equipment and outsourced operations and maintenance support to customers seeking to drive superior location profitability and create a best-in-class consumer experience. Player One Amusement Group is based in Mississauga, Ontario.

Buy CA$155M
FOLLOWING 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 -
Mergr

Product

Company

Legal