M&A Deal Summary

Cathay Investments Acquires Umeco

On July 15, 2013, private equity firm Cathay Investments acquired chemicals company Umeco from Cytec Industries

Acquisition Highlights
  • This is Cathay Investments’ 1st transaction in the Chemicals sector.
  • This is Cathay Investments’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2013-07-15
Target Umeco
Sector Chemicals
Buyer(s) Cathay Investments
Sellers(s) Cytec Industries
Deal Type Divestiture

Target

Umeco

Warwickshire, United Kingdom
Umeco is an international provider of advanced composite materials, primarily to the aerospace and defense industries, and industrial sectors such as automotive. Umeco's Structural Materials business focuses on the development, manufacture and supply of advanced composite materials, and its process materials business focuses on the development, manufacture and supply of processing materials for the composites industry. Umeco is based in Warwickshire, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Cathay Investments is a private investment firm focused on buy and build opportunities. Cathay's primary sectors of interest include chemicals and distribution. Cathay Investments was established in 2003 and is headquartered in Croydon, England.


DEAL STATS #
Overall 1 of 11
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
Country: United Kingdom M&A 1 of 9
Year: 2013 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Perkins

Ferndown, United Kingdom

Perkins is a distributor of toys and stationery to the retail market. Perkins supply a wide range of products through their reliable sources whilst providing a comprehensive end-to-end service to its customers. Perkins was founded in 1982 and is based in Ferndown, United Kingdom.

Buy -

Seller(S) 1

SELLER

Cytec Industries

Woodland Park, New Jersey, United States

Category Company
Founded 1993
Sector Chemicals
Employees4,600
Revenue 2.0B USD (2014)
DESCRIPTION

Cytec Industries Inc., is a specialty materials and chemicals company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastics industries.


DEAL STATS #
Overall 3 of 3
Sector: Chemicals M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
Country: United Kingdom M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-20 Umeco

Warwickshire, United Kingdom

Umeco is an international provider of advanced composite materials, primarily to the aerospace and defense industries, and industrial sectors such as automotive. Umeco's Structural Materials business focuses on the development, manufacture and supply of advanced composite materials, and its process materials business focuses on the development, manufacture and supply of processing materials for the composites industry. Umeco is based in Warwickshire, United Kingdom.

Buy $439M