Add-on Acquisition • Chemicals

Croda Acquires IonPhasE Oy

On December 20, 2017, Croda acquired chemicals company IonPhasE Oy from Tesi for 24M EUR

Acquisition Context
  • This is Croda’s 3rd transaction in the Chemicals sector.
  • This is Croda’s 3rd largest (disclosed) transaction.
  • This is Croda’s 1st transaction in Finland.

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M&A Deal Summary

Date December 20, 2017
Target IonPhasE Oy
Sector Chemicals
Buyer(s) Croda
Sellers(s) Tesi
Deal Type Add-on Acquisition
Deal Value 24M EUR

Target Company

IonPhasE Oy

Tampere, Finland
IonPhasE Oy is a manufacturer of static dissipative polymer additives, commonly known as permanent antistatic additives. IonPhasE was formed in 2001 and is based in Tampere, Finland.
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Buyer Overview 1

Buyer

Croda

Goole, United Kingdom

Category Company
Founded 1925
Sector Chemicals
Employees6,027
Revenue 1.6B GBP (2024)
DESCRIPTION

Croda provides natural-based specialty chemicals which are sold to virtually every type of industry. Croda was founded in 1925 and is based in Goole, England.


Deal Context for Buyer #
Overall 6 of 11
Sector: Chemicals 3 of 6
Type: Add-on Acquisition 6 of 10
Country: Finland 1 of 1
Year: 2017 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Inventiva

Porto Alegre, Brazil

Inventiva Ltda. is a manufacturer of active cosmetics and ingredients for face, hair, body and nails based on nanotechnology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-29 Plant Impact

Harpenden, United Kingdom

Plant Impact Plc develops and formulates products that realize and enhance crop capacity, enabling growers to improve quality and deliver consistently higher marketable yields. Plant Impact was founded in 2003 and is based in Harpenden, United Kingdom.

Buy -

Seller Profile 1

SELLER

Tesi

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.


Deal Context for Seller #
Overall 21 of 33
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 14 of 19
Country: Finland 20 of 30
Year: 2017 5 of 5
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Visedo Oy

Lappeenranta, Finland

Visedo Oy develops, manufactures and delivers electrical drive trains for heavy mobile work machine, marine vessel and bus applications. The drive trains are suitable for both hybrid electric (HEV) and electric vehicle (EV) solutions to harsh operating environment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Talenom

Oulu, Finland

Talenom is an authorized accounting firm. The company offers services covering scheduled and efficient financial administration routines, informative results monitoring, a centralised unit specialising in the taxation and finances of SMEs, and an electronic financial administration service, Talenom Online, that is extremely easy to use. Talenom was founded in 1972 and is based in Oulu, Finland.

Sell -

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