M&A Deal Summary

Benvic Acquires Chemres

On August 5, 2021, Benvic acquired chemicals company Chemres from Charter Oak Equity

Acquisition Highlights
  • This is Benvic’s 1st transaction in the Chemicals sector.
  • This is Benvic’s 1st transaction in the United States.
  • This is Benvic’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-08-05
Target Chemres
Sector Chemicals
Buyer(s) Benvic
Sellers(s) Charter Oak Equity
Deal Type Add-on Acquisition

Target

Chemres

Princeton, New Jersey, United States
Chemres is a compounder and global logistics provider of high-performance specialty polymer materials, services, and solutions. Chemres has been servicing the medical, packaging, and wire & cable markets using multiple manufacturing technologies since 1995. Chemres’s Chesapeake, VA plant is uniquely qualified for the production of medical-grade, mission-critical resins to meet customers’ demanding performance standards. Chemres was founded in 1995 and is based in Princeton, New Jersey.

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Buyer(S) 1

Buyer

Benvic

Chevigny Saint Sauveur, France
Category Company
Founded 1963
Sector Plastics
Revenue 220M USD (2013)
DESCRIPTION

Benvic develops, produces and markets highly customized, innovative thermoplastic solutions based on PVC, TPE, HFFR and bio-polymers that are utilized across a wide range of rigid and flexible end-applications including building and construction, medical, automotive, aerospace, cabling, packaging and fluid transport. Benvic was founded in 1963 and is based in Chevigny Saint Sauveur, France.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-20 Dugdale

West Yorkshire, United Kingdom

Dugdale Ltd. is a manufacturer of PVC compounds and is widely recognized for its expertise, customer service, and product quality. Dugdale Ltd. is focused on high service, specialty products for a large range of applications and end-markets, including construction, leisure, healthcare, electronics, and transport.

Buy -

Seller(S) 1

SELLER

Charter Oak Equity

Westport, Connecticut, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Charter Oak Equity is a private equity group focused on control investments in lower middle-market companies valued between $25 and $150 million. The Firm looks for businesses operating large markets with significant room for growth. Target sectors include niche manufacturing, packaging, medical products, specialty chemicals, consumer products, and financial services. Charter Oak generally targets family-owned companies or non-core divisions of larger companies. Charter Oak Private Equity was formed in 1992 and is based in Westport, Connecticut.

DEAL STATS #
Overall 26 of 27
Sector (Chemicals) 4 of 4
Type (Add-on Acquisition) 7 of 8
State (New Jersey) 1 of 1
Country (United States) 26 of 27
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 Smartcare

Las Vegas, Nevada, United States

Smartcare is a provider of cloud-based software and training for effective childcare center management and financial sustainability. Smartcare was founded in 2014 and is based in Las Vegas, Nevada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 CGA Holdings

Boca Raton, Florida, United States

CGA Holdings is a home health platform serving South Florida. Its operating subsidiaries include six nurse registries and three home health agencies with a combined 140 years of local ownership and exceptional patient care. CGA Holdings is based in Boca Raton, Florida.

Buy -
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