M&A Deal Summary

Black Diamond Capital Partners Acquires Together for Leather

On September 11, 2013, private equity firm Black Diamond Capital Partners acquired chemicals company Together for Leather from Odewald KMU

Acquisition Highlights
  • This is Black Diamond Capital Partners’ 1st transaction in the Chemicals sector.
  • This is Black Diamond Capital Partners’ 1st transaction in Singapore.

M&A Deal Summary

Date 2013-09-11
Target Together for Leather
Sector Chemicals
Buyer(s) Black Diamond Capital Partners
Sellers(s) Odewald KMU
Deal Type Secondary Buyout

Target

Together for Leather

Singapore, Singapore
Together for Leather researches, manufactures and markets chemicals products and provided application services for the treatment of leather for tanneries. Together for Leather was founded in 1996 and is based in Singapore, Singapore.

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Buyer(S) 1

Buyer

Black Diamond Capital Partners

Austin, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 72M USD
Size Small
Type Sector Focused
DESCRIPTION

Black Diamond Capital Partners is a specialist private equity firm focused on the insurance sector. Black Diamond seeks insurance companies headquartered in the US and Bermuda with strong franchises, quality management, and low 'susceptibility to unusual charges'. The Firm will act as the lead investor or is willing to partner with other investors. Black Diamond was formed in 2005 and is based in Austin, Texas.


DEAL STATS #
Overall 6 of 6
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-08 Shenandoah Life Insurance

Roanoke, Virginia, United States

Shenandoah Life Insurance is an insurance company specializing in providing life insurance, specialty health insurance and annuities to middle-market consumers across the country. Shenandoah Life Insurance was founded in 1914 and based in Roanoke, Virginia,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 Amerilife

Clearwater, Florida, United States

Amerilife engages in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. Amerilife was founded in 1971 and is based in Clearwater, Florida.

Sell -

Seller(S) 1

SELLER

Odewald KMU

Berlin, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Odewald is a leading German independent private equity firm focused on investments in high-growth small and medium-sized companies in Germany, Austria and Switzerland. Odewald manages its equity funds through its two companies Odewald & Compagnie Gesellschaft für Beteiligungen mbH and Odewald KMU Gesellschaft für Beteiligungen mbH. Odewald & Compagnie generally acquires majority interest in profitable SMEs holding strong potential companies with revenues upto EUR 400 million. It looks to invests EUR 30 million and EUR 50 million of equity per transaction. Odewald KMU seeks to invest EUR 5 million and EUR 20 million of equity per transaction. Prospective transaction situations include management buyouts, buy-ins, industry consolidations, and divestitures. Odewald was formed in 1997 and is based in Berlin.


DEAL STATS #
Overall 10 of 17
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 11
Country: Singapore M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-06 SCHOLPP

Dietzenbach, Germany

SCHOLPP is a business service provider for the outsourcing and assembly of industrial plants and installations, as well as for transportation tasks related to heavy and sensitive capital equipment. SCHOLPP was founded in 1956 and is based in Dietzenbach, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-15 Spieth & Wensky

Obernzell, Germany

Spieth & Wensky is a quality provider of traditional clothing in the mid-price segment. The products are designed in-house and procured via a production joint venture in India or via its own purchasing office in China, and distributed through more than 700 specialist stores, stationary and online retailers, and its own stores. Spieth & Wensky was founded in 1880 and is based in Obernzell, Germany.

Buy -