M&A Deal Summary

Ardian Acquires ANGUS

On October 13, 2020, private equity firm Ardian acquired chemicals company ANGUS from Golden Gate Capital for 2.3B USD

Acquisition Highlights
  • This is Ardian’s 11th transaction in the Chemicals sector.
  • This is Ardian’s 25th largest (disclosed) transaction.
  • This is Ardian’s 54th transaction in the United States.
  • This is Ardian’s 5th transaction in Illinois.

M&A Deal Summary
Date 2020-10-13
Target ANGUS
Sector Chemicals
Buyer(s) Ardian
Sellers(s) Golden Gate Capital
Deal Type Secondary Buyout
Deal Value 2.3B USD

Target

ANGUS

Buffalo Grove, Illinois, United States
ANGUS engages in the manufacture and distribution of nitroalkanes and their derivatives. Through its proprietary technology, ANGUS produces a unique portfolio of specialty additives and high-performance intermediates, which help customers deliver enhanced product and process performance across a wide range of applications in life sciences, personal care, and high-growth industrial markets. ANGUS was founded in 1935 and is headquartered in Buffalo Grove, Illinois.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 376 of 418
Sector (Chemicals) 11 of 11
Type (Secondary Buyout) 120 of 137
State (Illinois) 5 of 5
Country (United States) 54 of 59
Year (2020) 18 of 24
Size (of disclosed) 25 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Kersia Group

Dinard, France

Kersia Group engages in biosecurity and food safety with value-added products and solutions to prevent diseases or contamination in both animals and humans at every stage of the food supply chain. Kersia Group was founded in 1985 and is based in Dinard, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-15 GANTNER Electronic

Nüziders, Austria

GANTNER Electronic GmbH is a manufacturer of systems that enable automatic and contactless identification, based on RFID (Radio Frequency Identification) and NFC (Near Field Communication) technology. Gantner systems comprise integrated solutions for membership and visitor management, cashless payments, time recording in business organizations, and security.

Sell -

Seller(S) 1

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 71 of 84
Sector (Chemicals) 2 of 3
Type (Secondary Buyout) 14 of 18
State (Illinois) 3 of 3
Country (United States) 64 of 76
Year (2020) 6 of 7
Size (of disclosed) 3 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 Revolos

Atlanta, Georgia, United States

Revolos is a full service provider of extended warranties and service contracts for new and used motor vehicles. Revolos’ products include service contracts for cars, trucks, recreational vehicles, watercraft, motorcycles and power sport vehicles. Headquartered in Atlanta, Georgia, Revolos has provided innovative products coupled with superior levels of customer service for almost 30 years. Revolos designs, markets and administers its products in 48 states and has issued more than 1 million service contracts since its inception.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Aperio Group

Sausalito, California, United States

Aperio Group LLC designs and manages highly customized public equity portfolio solutions in separately managed accounts to meet the specific goals of advisors and their clients, specializing in three practice areas: Active Tax Management, Factor Tilts, and Socially Responsive Indexing/ESG. Through advanced processes, investor-focused portfolio construction research, and sophisticated technology, Aperio offers a level of customization unmatched in the industry. Aperio Group LLC was founded in 1999 and based in Sausalito, California.

Sell $1.1B
Mergr

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