M&A Deal Summary

ASC Investment Acquires IQatalyst

On August 31, 2023, private equity firm ASC Investment acquired chemicals company IQatalyst from BASF

Acquisition Highlights
  • This is ASC Investment’s 1st transaction in the Chemicals sector.
  • This is ASC Investment’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2023-08-31
Target IQatalyst
Sector Chemicals
Buyer(s) ASC Investment
Sellers(s) BASF
Deal Type Divestiture

Target

IQatalyst

De Meern, Netherlands
IQatalyst is a catalysts manufacturer that offers innovative proprietary products and catalyst solutions for the oleochemical industry as well as the (petro-)chemical industry. IQatalyst is based in De Meern, Netherlands.

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Buyer(S) 1

DESCRIPTION

ASC Investment S.à r.l. is a private equity firm that specialises in the acquisition of medium-sized, Western European companies. ASC Investment S.à r.l. has offices in Luxembourg and Munich.


DEAL STATS #
Overall 5 of 5
Sector (Chemicals) 1 of 1
Type (Divestiture) 5 of 5
Country (Netherlands) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Fixture Tech Solutions

Tholey, Germany

Fixture Tech Solutions develops and manufactures at their production site in Germany measuring equipment for the international manufacturing industry as well as manual, semi-automatic, and fully automatic loading systems for industrial applications. Fixture Tech Solutions was founded in 1995 and is based in Tholey, Germany.

Buy -

Seller(S) 1

SELLER

BASF

Ludwigshafen, Germany

Category Company
Founded 1865
Sector Chemicals
Employees111,855
Revenue 68.9B EUR (2023)
DESCRIPTION
Entrance to BASF's office in Florham Park, New Jersey.
Entrance to BASF's office in Florham Park, New Jersey.

BASF is a global producer of chemicals. BASF looks to combine economic success with environmental protection and social responsibility. BASF was founded in 1865 and is based in Ludwigshafen, Germany.


DEAL STATS #
Overall 26 of 27
Sector (Chemicals) 19 of 20
Type (Divestiture) 24 of 25
Country (Netherlands) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-28 BASF - Attapulgite Business

United States

BASF's Attapulgite Business is an attapulgite miners and producers in North America, with mining operations in Georgia and Florida and processing operations in Quincy, Florida. The business produces attapulgite-based products for a wide range of applications and end markets.

Sell $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-17 Suvinil

Brazil

Suvinil develops, manufactures, and sells a comprehensive portfolio of innovative products under Suvinil and Glasu! brand names to professional painters, designers, architects, general contractors, and consumers across the country. Formed in 1961, Suvinil operates two production facilities strategically located in the Northeast and Southeast regions of Brazil.

Sell $1.2B