M&A Deal Summary

CPP Investments Acquires CINIC

On March 1, 2022, pension CPP Investments acquired chemicals company CINIC

Acquisition Highlights
  • This is CPP Investments’ 1st transaction in the Chemicals sector.
  • This is CPP Investments’ 16th transaction in China.

M&A Deal Summary

Date 2022-03-01
Target CINIC
Sector Chemicals
Buyer(s) CPP Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

CINIC

Shanghai, China
CINIC is a supplier of high performance pigments (HPPs) in the global market. CINIC was founded in 2003 and is based in Shanghai, China.

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Buyer(S) 1

Buyer
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


DEAL STATS #
Overall 93 of 119
Sector: Chemicals M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 13
Country: China M&A 16 of 18
Year: 2022 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Novolex

Charlotte, North Carolina, United States

Novolex is a manufacturer of paper and plastic flexible packaging products. Novolex serves customers across foodservice, grocery, retail, and industrial end markets with a diverse product portfolio including retail and specialty bags, food packaging products, and a broad range of specialty films and laminated products. Novolex was founded in 2003 and is headquartered in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Fresheasy

Seoul, South Korea

Fresheasy is a meal kit specialized company. Fresheasy was founded in 2016 and is based in Seoul, South Korea.

Buy -