M&A Deal Summary

Advent International and LANXESS Acquire DSM Engineering Materials

On May 31, 2022, private equity firm Advent International and LANXESS acquired manufacturer DSM Engineering Materials from DSM-Firmenich for 3.7B EUR

Acquisition Highlights
  • This is Advent International’s 5th and LANXESS’s 1st transaction in the Manufacturing sector.
  • This is Advent International’s 6th and LANXESS’s largest (disclosed) transaction.
  • This is Advent International’s 9th and LANXESS’s 3rd transaction in the Netherlands.

M&A Deal Summary
Date 2022-05-31
Target DSM Engineering Materials
Sector Manufacturing
Buyer(s) Advent International
LANXESS
Sellers(s) DSM-Firmenich
Deal Type Divestiture
Deal Value 3.7B EUR

Target

DSM Engineering Materials

Heerlen, Netherlands
DSM Engineering Materials provides high-performance and increasingly sustainable thermoplastics used in automotive, electrical & electronics, building & construction, medical, food packaging, and consumer goods (to name but a few). Its materials enable lighter, stronger, and more durable products - which in turn makes people’s lives safer, more convenient, and healthier – and all while helping to tackle carbon emissions.

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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 322 of 339
Sector (Manufacturing) 5 of 5
Type (Divestiture) 36 of 37
Country (Netherlands) 9 of 9
Year (2022) 9 of 14
Size (of disclosed) 6 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 SOMAR

Benito Juarez , Mexico

SOMAR is a pharmaceutical company focused on the development, manufacture, and marketing of high-quality generic and branded generic products in Mexico. SOMAR focuses on a number of key primary care market segments including dermatology medications. SOMAR is based in Benito Juarez, Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Neoris

Miami, Florida, United States

Neoris is a provider of an information technology (IT) consulting and systems integration services. Neoris was founded in 2000 and is based in Miami, Florida.

Buy -
Buyer

LANXESS

Cologne, Germany
Category Company
Founded 1863
Sector Chemicals
Employees12,621
Revenue 6.7B EUR (2023)
DESCRIPTION
Entrance to Lanxess' Pittsburgh, Pennsylvania office.
Entrance to Lanxess' Pittsburgh, Pennsylvania office.

LANXESS is a specialty chemicals company. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates, and specialty chemicals. LAXNESS was founded in 1863 and is based in Cologne, Germany.

DEAL STATS #
Overall 16 of 17
Sector (Manufacturing) 1 of 1
Type (Divestiture) 6 of 6
Country (Netherlands) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 International Flavors & Fragrances - Microbial Control Business

New York, New York, United States

IFF’s Microbial Control business unit is a global leader that provides innovative and sustainable solutions. The business unit specializes in offering preservation and hygiene solutions for a wide array of industrial and consumer applications, including paints & coatings, building materials, animal biosecurity, personal care, and home care.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Envalior

Düsseldorf, Germany

Envalior specializes in Global Engineering Materials powerhouse offering novel and Innovative solutions to today’s world. Envalior portfolio comprises polyamides (PA6, PA66), polyesters as PBT as well as various specialty materials like PA46, PA410 and specialty polyesters as well as PPS and thermoplastic fiber composites. Envalior was founded in 2023 and is based in Düsseldorf, Germany.

Buy -

Seller(S) 1

SELLER

DSM-Firmenich

Kaiseraugst, Switzerland
Category Company
Founded 1902
Sector Chemicals
Employees27,926
Revenue 10.6B EUR (2023)
DESCRIPTION

DSM-Firmenich specializes in development, manufacture and marketing of performance materials, nutritional and pharmaceutical ingredients and industrial chemicals. The products are used in a wide range of end-markets and applications, such as human and animal nutrition and health, personal care, pharmaceuticals, automotive and transport, coatings and paint, housing and electrics & electronics. DSM-Firmenich founded in 1902 and is based in Kaiseraugst, Switzerland.

DEAL STATS #
Overall 16 of 17
Sector (Manufacturing) 1 of 1
Type (Divestiture) 15 of 16
Country (Netherlands) 10 of 10
Year (2022) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Firmenich

Meyrin, Switzerland

Firmenich is a manufacturer of fragrances and flavors. Firmenich perfumes and flavors that billions of consumers enjoy each day. Firmenich was founded in 1895 and is based in Meyrin, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-25 dsm-firmenich s Marine Lipids Omega-3 Business

Kaiseraugst, Switzerland

dsm-firmenich's Marine Lipids Omega-3 Business provides fish oil omega-3 business for the dietary supplement and pharma markets, together with the production facilities in Piura, Peru, and Mulgrave, Canada.

Sell -
Mergr

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