M&A Deal Summary

Advent International and Wilbur-Ellis Company Acquire Caldic

On November 22, 2021, private equity firm Advent International and Wilbur-Ellis Company acquired chemicals company Caldic from Goldman Sachs Asset Management

Acquisition Highlights
  • This is Advent International’s 10th and Wilbur-Ellis Company’s 2nd transaction in the Chemicals sector.
  • This is Advent International’s 8th and Wilbur-Ellis Company’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2021-11-22
Target Caldic
Sector Chemicals
Buyer(s) Advent International
Wilbur-Ellis Company
Sellers(s) Goldman Sachs Asset Management
Deal Type Divestiture

Target

Caldic

Rotterdam, Netherlands
Caldic is a global premium provider of value-added life sciences and specialty chemicals solutions with the ambition to be a true partner to its customers and principals. Caldic's product portfolio includes innovative food ingredients, natural products, and functional solutions for a variety of life sciences and industrial end-market segments. Caldic was founded in 1970 and is based in Rotterdam, Netherlands.

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Buyer(S) 2

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 312 of 338
Sector (Chemicals) 10 of 11
Type (Divestiture) 34 of 37
Country (Netherlands) 8 of 9
Year (2021) 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 McAfee

San Jose, California, United States

McAfee delivers proactive and proven security solutions and services that help secure systems and networks around the world, McAfee protects consumers and businesses of all sizes from the latest malware and emerging online threats. McAfee's solutions are designed to work together, integrating anti-malware, antispyware, and antivirus software with security management features that deliver unsurpassed real-time visibility and analytics, reduce risk, ensure compliance, improve Internet security, and help businesses achieve operational efficiencies. McAfee was formed in 1987 and is based in San Jose, California.

Buy $14.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Encora

Scottsdale, Arizona, United States

Encora is a global digital engineering services company specializing in software product development services for fast-growing enterprises and digitally native companies whose market position and growth are driven by proprietary software products. Encora is based in Scottsdale, Arizona.

Buy -
Buyer

Wilbur-Ellis Company

San Francisco, California, United States
Category Company
Founded 1921
Sector Distribution
DESCRIPTION

Wilbur-Ellis is a international marketer and distributor of agricultural products, animal feed and specialty chemicals and ingredients.

DEAL STATS #
Overall 8 of 8
Sector (Chemicals) 2 of 2
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-04 Probe Schedule

The Dalles, Oregon, United States

Probe Schedule LLC is a developer of an irrigation water management (IWM) software which receives and collects data from in-field hardware devices and weather stations to calculate accurate crop water usage and soil moisture, providing growers with specialized irrigation schedules. Probe Schedule is based in The Dalles, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-14 Connell

San Francisco, California, United States

Connell is a marketer and distributor of specialty chemicals and ingredients in Asia-Pacific with a keen focus on technical service, customer support, and environmental, health, and safety. Connell Brothers (CBC) provides complete supply chain management from transportation, documentation, warehousing, and sales right across 18 countries and in 48 offices located throughout the Asia Pacific region. Connell was founded in 1898 and is based in San Francisco, California.

Sell -

Seller(S) 1

SELLER

Goldman Sachs Asset Management

New York, New York, United States
Category Company
Sector Financial Services
DESCRIPTION

Goldman Sachs Asset Management (dba GSAM) is the asset management arm of The Goldman Sachs Group. GSAM offers advisory services to individuals and institutional clients around the world from offices in the US, Europe, and Asia.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 MDVIP

Boca Raton, Florida, United States

MDVIP is a personalized healthcare program that empowers people to reach their health and wellness goals through in-depth knowledge, expertise, and one-on-one coaching with an affiliated primary care doctor. The company's model was created with the hope and vision of bringing more life to more lives both young and old by putting impersonal healthcare practices and tactics aside and embracing a new way of healing. MDVIP was founded in 2000 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 NextCapital

Chicago, Illinois, United States

NextCapital is an enterprise digital advice company that provides financial solutions to the market in an effort to help everyone retire successfully. The company partners with financial institutions to deliver configurable solutions tailored to the needs of investors and the goals of partners. It works with partners to personalize planning and managed accounts, customize methodology and fiduciary roles, and in some instances serve as the 3(38) investment managers for discretionary, plan participant advice. Their clients include asset managers and plan sponsors across the United States as well as partnerships with recordkeepers. NextCapital is based in Chicago, Illinois.

Buy -
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