M&A Deal Summary

Corob Acquires Pinova AG

On September 13, 2011, Corob acquired chemicals company Pinova AG from AFINUM Management

Acquisition Highlights
  • This is Corob’s 1st transaction in the Chemicals sector.
  • This is Corob’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2011-09-13
Target Pinova AG
Sector Chemicals
Buyer(s) Corob
Sellers(s) AFINUM Management
Deal Type Add-on Acquisition

Target

Pinova AG

Lengnau, Switzerland
Pinova develops and produces customized color pastes under the brand of Novapint. One the leading businesses, Pinova benefits from the triumphant course that solid-colored exterior plaster has taken.

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Buyer(S) 1

Buyer

Corob

Modena, Italy

Category Company
Founded 1984
Sector Machinery
Employees700
Revenue 110M EUR (2023)
DESCRIPTION

Corob is a provider of advanced tinting equipment to the paints and coatings industry. The Group supplies applications in the paint and coatings, inks, and chemical industries, as well as providing the related after-sales services on a global scale, thanks to a capillary organization dedicated to management and maintenance. Corob was founded in 1984 and is based in Modena, Italy.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

AFINUM Management

Munich, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

AFINUM Management GmbH is a private equity firm that targets mid-market companies. The Firm primarily targets opportunities in German-speaking Europe and seeks businesses generating €25 to €500 million in revenues. AFINUM will consider a variety of transaction situations, including MBOs, MBIs, and growth capital financings. The Firm will not invest in turnarounds. AFINUM Management GmbH was formed in 2000 and is based Munich. The Firm has additional offices in Zurich and Hong Kong.


DEAL STATS #
Overall 7 of 25
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 5
Country: Switzerland M&A 3 of 7
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-06 d&b

Backnang, Germany

d&b is a producer of high-quality speakers, amplifiers, and related components. d&b systems are used as reliable tools for long-term use at production and distribution companies from the event and multimedia genre, at festivals and concerts, at musicals, concert halls, theaters, and opera houses, in radio and television products from the tiniest conference rooms to the largest stadiums. d&b was founded in 1981 and is based in Backnang, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-04 Orwo Net AG

Bitterfeld-Wolfen, Germany

Orwo Net AG is a provider of photographic products and magnetic recording tape. Orwo Net AG was founded in 1909 and is based in Bitterfeld-Wolfen, Germany.

Buy -