M&A Deal Summary

Cinven Acquires Dynacast

On April 1, 1999, private equity firm Cinven acquired manufacturer Dynacast from Coats for 515M EUR

Acquisition Highlights
  • This is Cinven’s 4th transaction in the Manufacturing sector.
  • This is Cinven’s 44th largest (disclosed) transaction.
  • This is Cinven’s 8th transaction in the United States.
  • This is Cinven’s 1st transaction in North Carolina.
Investment Fate
  • Dynacast was sold to a publicly-traded strategic buyer in 2005.
  • Dynacast was divested to a consortium of buyers in 2011.
  • Dynacast was sold to a consortium of financial buyers in 2014.
  • Dynacast merged with another company in 2018.

M&A Deal Summary
Date 1999-04-01
Target Dynacast
Sector Manufacturing
Buyer(s) Cinven
Sellers(s) Coats
Deal Type Divestiture
Deal Value 515M EUR

Target

Dynacast

Charlotte, North Carolina, United States
Dynacast is a provider of precision die cast components for a wide variety of industries including healthcare, consumer electronics, computers and peripherals, and automotive, among others.

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Buyer(S) 1

Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.

DEAL STATS #
Overall 78 of 184
Sector (Manufacturing) 4 of 5
Type (Divestiture) 14 of 35
State (North Carolina) 1 of 5
Country (United States) 8 of 20
Year (1999) 2 of 3
Size (of disclosed) 44 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-01 William Hill

London, United Kingdom

William Hill Plc is a betting and gaming companies with approximately 1,500 licensed betting outlets and a leading telephone betting business. William Hill was founded in 1934 and is based in London, United Kingdom.

Buy €1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-01 Parques Reunidos

Madrid, Spain

Parques Reunidos is an owner and operator of recreational infrastructure with a presence in Europe, North America, and Australia. The company portfolio comprises over 60 assets (theme parks, aquatic parks, animal parks, and other attractions) distributed in 45 locations and receiving over 20 million visitors per year. Parques Reunidos was founded in 1967 and headquartered in Madrid, Spain.

Sell -

Seller(S) 1

SELLER

Coats

Bristol, United Kingdom
Category Company
Founded 1755
Sector Manufacturing
Employees15,000
Revenue 1.4B GBP (2023)
DESCRIPTION

Coats is an industrial thread and consumer textile crafts business. Coats provides value-adding products, including apparel, accessory and footwear threads, structural components for footwear and accessories, fabrics, yarns, and software applications. Customer partners include companies from the apparel, footwear, automotive, telecoms, personal protection, and outdoor goods industries. Coats was founded in 1755 and is based in Bristol, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 Texon International Group

Hong Kong, China

Texon International Group is a manufacturer of high performance, sustainable materials for footwear, accessories and functional apparel. Texon International Group was founded in 1947 and is based in Hong Kong, China.

Buy -
Mergr

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