M&A Deal Summary

Compagnie Financière Jousset Acquires SMAC

On April 25, 2024, Compagnie Financière Jousset acquired building materials company SMAC from OpenGate Capital

Acquisition Highlights
  • This is Compagnie Financière Jousset’s 1st transaction in the Building Materials sector.
  • This is Compagnie Financière Jousset’s 1st transaction in France.

M&A Deal Summary

Date 2024-04-25
Target SMAC
Sector Building Materials
Buyer(s) Compagnie Financière Jousset
Sellers(s) OpenGate Capital
Deal Type Add-on Acquisition

Target

SMAC

Issy-les-Moulineaux, France
SMAC is a provider of waterproofing and building envelope solutions. SMAC has a dedicated service and maintenance business, SMAC Assistance Service, and Essemes Services, focused on fire safety maintenance. SMAC was founded in 1884 and is based in Issy-les-Moulineaux, France.

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Buyer(S) 1

Buyer

Compagnie Financière Jousset

Paris, France

Category Company
Sector Financial Services
DESCRIPTION

Compagnie Financière Jousset is an investment holding company that invests its equity in industrial, services, or technology companies with solid fundamentals and strong growth potential. Compagnie Financière Jousset is based in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

OpenGate Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.


DEAL STATS #
Overall 31 of 36
Sector: Building Materials M&A 2 of 3
Type: Add-on Acquisition M&A Deals 14 of 17
Country: France M&A 7 of 8
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-25 Alfatherm

Gorla Minore, Italy

Alfatherm is a producer of PVC film and sheets. It offers rigid, flexible, stretched, semi rigid, plasticized, expanded, and flocked film. Alfatherm was founded in 1963 and is based in Gorla Minore, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-04 Fiven

Courbevoie, France

Fiven A/S is a producer of metallurgical feedstock, refractory materials abrasive grains, and products used in technical ceramics. Fiven A/S offers unique properties of hardness, thermal resistance, wear resistance, thermal conductivity, and chemical inertness. Fiven products are used in a wide array of applications including metallurgy, refractory materials, filtration products, and technical ceramics. Fiven has a global manufacturing footprint across Norway, Belgium, Brazil, and Venezuela, and will be headquartered in Oslo, Norway. Fiven products are sold to a diverse customer base across Europe, South America, North America, and Asia.

Sell -