M&A Deal Summary

Cinven and CCMP Capital Acquire Klockner Pentaplast

On December 1, 2001, private equity firms Cinven and CCMP Capital acquired chemicals company Klockner Pentaplast from Klockner for 925M EUR

Acquisition Highlights
  • This is Cinven’s 5th and CCMP Capital’s 3rd transaction in the Chemicals sector.
  • This is Cinven’s 29th and CCMP Capital’s 7th largest (disclosed) transaction.
  • This is Cinven’s 1st and CCMP Capital’s 1st transaction in Germany.
Investment Fate
  • Klockner Pentaplast was sold to a consortium of financial buyers in 2007 for 1.8B USD.
  • Klockner Pentaplast was sold to a consortium of financial buyers in 2012.

M&A Deal Summary
Date 2001-12-01
Target Klockner Pentaplast
Sector Chemicals
Buyer(s) Cinven
CCMP Capital
Sellers(s) Klockner
Deal Type Divestiture
Deal Value 925M EUR
Advisor(s) White Peak Capital LLC (Financial)

Target

Klockner Pentaplast

Heiligenroth, Germany
Klockner Pentaplast is a producer of films for pharmaceutical, medical device, food, electronics, and general-purpose thermoform packaging, as well as printing and specialty applications. Klockner Pentaplast was founded in 1965 and is based in Heiligenroth, Germany.

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Buyer(S) 2

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 84 of 183
Sector (Chemicals) 5 of 7
Type (Divestiture) 17 of 35
Country (Germany) 1 of 13
Year (2001) 2 of 2
Size (of disclosed) 29 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-15 Wightlink

Hampshire, United Kingdom

Wightlink is a provider of ferry service between the Isle of Wight and Hampshire. It carries almost five million holidaymakers and Islanders across the Solent every year. It offers 48,000 sailings a year, utilising nine ferries on three routes. Wightlink was founded in 1972 and is based in Hampshire, United KIngdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Moniteur

Saint-Denis, France

Moniteur is an information provider for construction and local authority sectors in France, providing quality and value added content (via 25 publications), classified and display advertising, online services (via 30 websites), databases, exhibitions and training courses. Moniteur was founded in 1903 and is based in Saint-Denis, France.

Buy -
Buyer

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.

DEAL STATS #
Overall 30 of 97
Sector (Chemicals) 3 of 6
Type (Divestiture) 1 of 6
Country (Germany) 1 of 1
Year (2001) 3 of 4
Size (of disclosed) 7 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-20 Axis Capital

Pembroke, Bermuda

Axis Capital is a provider of specialty-lines insurance and treaty reinsurance for customers around the world. Axis maintains operating subsidiaries in Bermuda, Ireland, and the United States. Axis Capital was founded in 2001 and is based in Pembroke, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-12 Chromalox

Pittsburgh, Pennsylvania, United States

Chromalox, Inc. is a provider of electrical products, systems and solutions for industrial process heating and temperature management. Chromalox, Inc. was founded in 1915 and is based in Pittsburgh, Pennsylvania.

Buy $165M

Seller(S) 1

SELLER

Klockner

Duisburg, Germany
Category Company
Sector Distribution
DESCRIPTION

Klockner & Co. is a large multi-metal distribution company. Klockner services over 200,000 customers and distributes a wide variety of steel, aluminum and non-weighted products, including flat, long, stainless steel and aluminum products; roof and wall, plastic and building materials; and other non-weighted products. The Company operates approximately 250 warehouse facilities in ten European countries, the U.S. and Canada. Klockner & Co. is based in Duisburg, Germany.

DEAL STATS #
Overall 2 of 3
Sector (Chemicals) 1 of 1
Type (Divestiture) 2 of 3
Country (Germany) 2 of 3
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-11-07 Kautex Werke Reinold Hagen AG

Germany

Kautex Werke Reinold Hagen AG is a worldwide supplier of blow-molded plastic automotive systems and components. Kautex is the world's largest producer of plastic fuel tank systems. The company also supplies high quality blow-molded technical plastic parts to the automotive industry and blow-molded plastic bottles and containers for commercial and consumer products.

Sell $308M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 KIS Information Services

Duisburg, Germany

KIS Information Services GmbH is an information technology services provider. KIS Information Services GmbH is headquartered in Duisburg, Germany.

Sell -
Mergr

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