M&A Deal Summary

Silverfleet Capital Acquires Coventya

On March 29, 2016, private equity firm Silverfleet Capital acquired chemicals company Coventya from Equistone

Acquisition Highlights
  • This is Silverfleet Capital’s 2nd transaction in the Chemicals sector.
  • This is Silverfleet Capital’s 5th transaction in France.
Investment Fate
  • Coventya was sold to a publicly-traded strategic buyer in 2021 for 420M EUR.

M&A Deal Summary

Date 2016-03-29
Target Coventya
Sector Chemicals
Buyer(s) Silverfleet Capital
Sellers(s) Equistone
Deal Type Secondary Buyout

Target

Coventya

Villeneuve-la-Garenne, France
Coventya develops and supplies specialty chemicals for surface finishing in over 40 countries and 4 continents. Coventya is based in Villeneuve-la-Garenne, France.

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Buyer(S) 1

Buyer

Silverfleet Capital

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Silverfleet Capital is an independent private equity firm that invests in market leading businesses in growing sectors. Silverfleet looks to acquire companies headquartered in Western Europe or US-based businesses with a substantial European presence. Target companies are typically valued between €75 and €500 million and operate in sectors spanning business and financial services, healthcare, leisure, and retail/consumer. Silverfleet Capital was formerly known as PPM Capital, operating under Prudential plc. Silverfleet has offices in London, Paris, Munich, and Chicago.


DEAL STATS #
Overall 38 of 50
Sector: Chemicals M&A 2 of 3
Type: Secondary Buyout M&A Deals 11 of 14
Country: France M&A 5 of 6
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 Office Holdings

London, United Kingdom

Office Holdings Ltd. has a full multi-channel retail offering, including stores, department store concessions, web-shops, in-store tablets and click & collect services.

Sell £256M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-08 Azzurri Communications

Aldridge, United Kingdom

Azzurri Communications Ltd. is an IT Services business providing voice and data communications solutions to SME's and LE's across the UK. Azzurri’s flexible services and integrated solutions include unified communications, enterprise mobility and flexible working, networks, contact centres and document solutions.

Sell £49M

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 140 of 206
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 66 of 96
Country: France M&A 44 of 62
Year: 2016 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 GALA Group

Ansbach, Germany

GALA Group is a candle manufacturer. GALA’s business model is based on a multi-channel approach, with products sold under the GALA brand and under private label through various retailers, factory outlets and online. GALA Group was founded in 1972 and is based in Ansbach, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-15 Flowbird Group

Neuilly-sur-Seine, France

Flowbird Group is a provider of parking management solutions and a major player in public transport ticketing equipment. The company operates through two business divisions, Smart Parking operates across the whole value chain of the on-street parking management and Smart Transport provides ticketing solutions (connected ticket and validation terminals) and associated software systems for public transport. Flowbird Group is based in Paris, France.

Sell -