M&A Deal Summary

Sika Acquires ParexGroup SA

On January 8, 2019, Sika acquired building materials company ParexGroup SA from CVC Capital Partners

Acquisition Highlights
  • This is Sika’s 14th transaction in the Building Materials sector.
  • This is Sika’s 2nd transaction in France.

M&A Deal Summary

Date 2019-01-08
Target ParexGroup SA
Sector Building Materials
Buyer(s) Sika
Sellers(s) CVC Capital Partners
Deal Type Add-on Acquisition

Target

ParexGroup SA

Issy-les-Moulineaux Cedex, France
website
ParexGroup SA is a provider of specialty dry-mix solutions for the construction industry. The company offers a broad range of products under recognized brands through three core business lines: façade decoration and protection, ceramic tiles setting materials and waterproofing systems. Parex products range is exposed to various end-markets within the construction industry, notably renovation and residential new build.

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Buyer(S) 1

Buyer

Sika

Baar, Switzerland

website


Category Company
Founded 1910
Sector Chemicals
Employees26,272
Revenue 9.3B CHF (2021)
DESCRIPTION

Sika is a manufacturer of speciality chemicals for construction and industry. Information about divisions and products, technologies and stock performance. Sika was founded in 1910 and is based in Baar, Switzerland.


DEAL STATS #
Overall 25 of 27
Sector (Building Materials) 14 of 14
Type (Add-on Acquisition) 25 of 27
Country (France) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 Arcon Membrane Srl

Sfântu Gheorghe, Romania

Arcon Membrane Srl is a manufacturer of roofing and waterproofing systems in Romania. In its fully automated manufacturing facility, it produces technologically advanced bituminous membranes, with the potential to also serve other South East European markets. Furthermore, Arcon’s product portfolio also includes thermal insulation systems for facades and roofs, combining EPS (expanded polystyrene) sheets and bituminous membranes. The acquired technologies will perfectly complement Sika’s roofing, waterproofing, and building envelope systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Sika - European Industrial Coatings Business

Germany

Sika's European Industrial Coatings Business engineers, manufactures, and sells corrosion protection coating systems for high-value interior and exterior steel infrastructure, bridges, airport and rail, wind and energy, chemicals, power transmission and stations, interior linings for oil and gas tanks, vessels, and pipework, and water and wastewater applications, along with fire protection coating systems to protect and preserve steel, wood and concrete building components.

Sell -

Seller(S) 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 144 of 171
Sector (Building Materials) 5 of 6
Type (Add-on Acquisition) 53 of 62
Country (France) 8 of 10
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-29 April

Lyon, France

April is a wholesale broker for consumer and SME insurance in France with a mid-sized consumer credit broker and several international subsidiaries. As a wholesale broker, the company designs and markets insurance products mostly under April’s brand to customer-facing primary insurance brokers and provides a platform for the primary brokers to retrieve quotes, process applications, and manage claims. April was formed in 1998 and is based in Lyon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 Hitowa

Tokyo, Japan

Hitowa is a corporate group with a nursing care business that operates nursing care homes for the elderly under the Irise brand, a franchise business that mainly provides house cleaning services under the Osoji Honpo brand, and a childcare business that operates licensed nurseries under the Taiyono-ko brand. Hitowa is based in Tokyo.

Sell -