M&A Deal Summary

Astorg Partners Acquires IGM Resins

On May 7, 2018, private equity firm Astorg Partners acquired chemicals company IGM Resins from Arsenal Capital Partners

Acquisition Highlights
  • This is Astorg Partners’ 1st transaction in the Chemicals sector.
  • This is Astorg Partners’ 1st transaction in the Netherlands.

M&A Deal Summary
Date 2018-05-07
Target IGM Resins
Sector Chemicals
Buyer(s) Astorg Partners
Sellers(s) Arsenal Capital Partners
Deal Type Secondary Buyout
Advisor(s) Moelis & Co. (Financial)
Jones Day (Legal)

Target

IGM Resins

Waalwijk, Netherlands
IGM Resins develops, manufactures, and supplies photoinitiators, acrylates, and additives for the UV inks & coatings industry. The company also offers specialty intermediates for the pharmaceutical and agricultural industries. IGM Resins was established in 1999 and is based in Waalwijk, Netherlands.

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Buyer(S) 1

Buyer

Astorg Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 22.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Astorg Partners is a private equity firm that targets small to midcap company investments primarily in France and to a limited extent, Western Europe. Astorg Partners looks for companies valued between €400 million and €2 billion, requiring at least €15 million in equity. Areas of interest include healthcare, retail, distribution, hospitality, and professional services. Prospective transaction situations include leverage build-ups, divestitures, family transitions, and secondary buyouts. Astorg Partners was formed in 1998 and is based in Paris and has additional offices in London and Luxembourg.

DEAL STATS #
Overall 39 of 67
Sector (Chemicals) 1 of 2
Type (Secondary Buyout) 16 of 37
Country (Netherlands) 1 of 2
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-27 Metrologic Group

Meylan, France

Metrologic Group is specializes in the designer and manufacturer of innovative leading edge 3D inspection software and electronics which run measurement machines used for dimensional control notably in the automotive, aeronautic, transport and medical sectors.

Sell €360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-05 Megadyne Group

Mathi, Italy

Megadyne Group develops and manufactures polyurethane and rubber belts for use in power transmission and conveying systems, as well as a range of complementary products such as rubber hoses and metal pulleys. It has its headquarters in Turin, Italy, and serves over 30,000 customers across a variety of industries through 15 manufacturing plants and 33 distribution centers all around the world.

Sell -

Seller(S) 1

SELLER

Arsenal Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.

DEAL STATS #
Overall 23 of 35
Sector (Chemicals) 9 of 12
Type (Secondary Buyout) 10 of 16
Country (Netherlands) 1 of 2
Year (2018) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 KGS-Alpha Capital Markets

New York, New York, United States

KGS-Alpha Capital Markets is a fixed income broker / dealer specializing in securitized products. The Company provides a full range of value added services and product offerings to its global institutional client base, which includes banks, insurance companies, pension funds, money managers, hedge funds, government entities and sovereign funds.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 FrontStream

Claymont, Delaware, United States

FrontStream is a provider of software and payment processing solutions that help charities and companies raise money, engage constituents and make a positive impact. FrontStream was established in 2007 and is based in Claymont, Delaware.

Sell -
Mergr

Product

Company

Legal