M&A Deal Summary

Advent International Acquires Roehm

On March 4, 2019, private equity firm Advent International acquired chemicals company Roehm from Evonik Industries for 3.0B EUR

Acquisition Highlights
  • This is Advent International’s 9th transaction in the Chemicals sector.
  • This is Advent International’s 6th largest (disclosed) transaction.
  • This is Advent International’s 17th transaction in Germany.

M&A Deal Summary

Date 2019-03-04
Target Roehm
Sector Chemicals
Buyer(s) Advent International
Sellers(s) Evonik Industries
Deal Type Divestiture
Deal Value 3.0B EUR

Target

Roehm

Darmstadt, Germany
Roehm is a supplier of methacrylate chemicals worldwide which are sold under the registered PLEXIGLAS and PLEXIMID trademarks on the European, Asian, African and Australian continents and under the registered ACRYLITE and ACRYMID trademarks in the Americas. Roehm was founded in 2009 and is based in Darmstadt, Germany.

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Buyer(S) 1

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 269 of 338
Sector (Chemicals) 9 of 11
Type (Divestiture) 23 of 37
Country (Germany) 17 of 21
Year (2019) 4 of 16
Size (of disclosed) 6 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 Charlotte Russe

San Francisco, California, United States

Charlotte Russe is a fashion brand for young women, offering affordable on-trend apparel, shoes, and accessories for all sizes, with a fun and engaging shopping experience wherever and whenever she wants. Charlotte Russe was founded in 1975 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Nexi

Milan, Italy

Nexi is a payments technology company that connects banks, merchants, and consumers with the aim of changing the way people and companies pay and collect money every day, thus accelerating the spread of digital payments and the transition to a cashless society, which is essential for the modernization of Italy. Nexi was founded in 1939 and is headquartered in Milan, Italy.

Sell -

Seller(S) 1

SELLER

Evonik Industries

Essen, Germany

Category Company
Founded 1873
Sector Diversified
Employees33,090
Revenue 15.3B EUR (2023)
DESCRIPTION

Evonik Industries is an industrial corporation with worldwide operations grouped in three business areas Chemicals, Energy and Real Estate which are positioned at the forefront of their market segments. It is a global leader in specialty chemicals (former Degussa), an expert in power generation from hard coal and renewable energies (former STEAG) and one of Germany's largest privately owned residential real estate companies. Evonik Industries was founded in 1873 and is based in Essen, Germany.


DEAL STATS #
Overall 5 of 8
Sector (Chemicals) 5 of 5
Type (Divestiture) 5 of 8
Country (Germany) 4 of 6
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 PeroxyChem

Philadelphia, Pennsylvania, United States

PeroxyChem LLC is a provider in peroxygen and adjacent chemistries with facilities in North America, Europe, and Asia. PeroxyChem manufactures high-quality products and innovative applications developed as a result of ingenuity and technical expertise. PeroxyChem LLC is based in Philadelphia, Pennsylvania.

Buy $625M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Evonik Industries AG - CO2 Extraction Business

Essen, Germany

Evonik Industries AG - CO2 Extraction Business offers a quality method of extracting natural botanical molecules from flowers and nuts to coffee and tea.

Sell -