M&A Deal Summary

Altana AG Acquires PolyAd Services

On February 1, 2017, Altana AG acquired chemicals company PolyAd Services from Edgewater Capital Partners and Greyrock Capital Group

Acquisition Highlights
  • This is Altana AG’s 6th transaction in the Chemicals sector.
  • This is Altana AG’s 2nd transaction in the United States.

M&A Deal Summary

Date 2017-02-01
Target PolyAd Services
Sector Chemicals
Buyer(s) Altana AG
Sellers(s) Edgewater Capital Partners
Greyrock Capital Group
Deal Type Divestiture

Target

PolyAd Services

Earth City, United States
PolyAd Services, Inc. is a developer and manufacturer of additive solutions for the global plastics market.

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Buyer(S) 1

Buyer

Altana AG

Wesel, Germany

Category Company
Founded 1977
Sector Chemicals
Employees5,735
DESCRIPTION

ALTANA develops, produces and sells high-quality innovative products in the specialty chemicals business. ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.


DEAL STATS #
Overall 6 of 6
Sector: Chemicals M&A 6 of 6
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-04 Addcomp Holland B.V.

Nijverdal, Netherlands

Addcomp Holland B.V. is a developer and manufacturer of unique polymer additive solutions.

Buy -

Seller(S) 2

SELLER

Edgewater Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Focused
DESCRIPTION

Edgewater Capital Partners is a private equity firm focused on acquiring established, lower middle-market companies. Prospective investment situations include corporate divestitures, management buyouts, and family business liquidity. The Firm's industry preferences include highly-engineered manufacturing, specialty chemicals, specialty Industrials, Life Science. Edgewater Capital Partners was formed in 1982 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 11 of 19
Sector: Chemicals M&A 6 of 9
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 11 of 19
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-08 Fiber Materials

Biddeford, Michigan, United States

Fiber Materials is a materials solutions company that develops and manufactures high-temperature materials and composites for use in industrial, commercial, and aerospace applications. FMI produces carbon/carbon composites, carbon-ceramic, and advanced polymer matrix composites. Fiber Materials was established in 1969 and is based in Biddeford, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-07 Pure Wafer

San Jose, California, United States

Pure Wafer is a provider of silicon wafer reclaim services and supplies virgin silicon wafers, specialty thin film deposition products, and silicon parts services. Pure Wafer was founded in 2008 and is based in San Jose, California.

Buy -
SELLER

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.


DEAL STATS #
Overall 28 of 46
Sector: Chemicals M&A 3 of 3
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 28 of 46
Year: 2017 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 Chromaflo Technologies

Ashtabula, Ohio, United States

Chromaflo Technologies is a supplier of colorant systems, chemical and pigment dispersions, serving customers in architectural and industrial coatings as well as the thermoset composites market. Chromaflo Technologies was founded in 2012 and is based in Ashtabula, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 Information innovators

Springfield, Vermont, United States

Information innovators, Inc. is a provider of IT services and solutions to IT and health-focused clients across the federal government. It offer a range of services including program & project management, security & information assurance, systems design & integration, telecommunications consulting and enterprise architecture support.

Sell -