M&A Deal Summary

Croda International Acquires Iberchem S.A.

On November 18, 2020, Croda International acquired chemicals company Iberchem S.A. from Eurazeo PME for 820M EUR

Acquisition Highlights
  • This is Croda International’s 5th transaction in the Chemicals sector.
  • This is Croda International’s largest (disclosed) transaction.
  • This is Croda International’s 1st transaction in Spain.

M&A Deal Summary
Date 2020-11-18
Target Iberchem S.A.
Sector Chemicals
Buyer(s) Croda International
Sellers(s) Eurazeo PME
Deal Type Add-on Acquisition
Deal Value 820M EUR

Target

Iberchem S.A.

Alcantarilla, Spain
Iberchem, S.A. engages in Production of fragrances and flavors for the industrial and food and beverage sectors. Iberchem was founded in 1985 and is based in Alcantarilla, Spain.

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Buyer(S) 1

Buyer

Croda International

Goole, United Kingdom
Category Company
Founded 1925
Sector Chemicals
Employees5,852
Revenue 1.7B GBP (2023)
DESCRIPTION

Croda provides natural based speciality chemicals which are sold to virtually every type of industry. The company has approximately 3400 employees, working in 34 countries. Croda International was founded in 1925 and is based in Goole, the United Kingdom.

DEAL STATS #
Overall 9 of 11
Sector (Chemicals) 5 of 6
Type (Add-on Acquisition) 9 of 10
Country (Spain) 1 of 1
Year (2020) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-06 Avanti Polar Lipids

Alabaster, Alabama, United States

Avanti Polar Lipids is involved in the development and manufacturing of high-purity lipids that are increasingly utilized as drug delivery solutions for complex therapeutic drugs and next-generation mRNA vaccines. The Company operates from its campus in Alabama with its skilled workforce of approximately 150 employees, including over 100 scientists. Throughout Avanti’s history it has been an innovator in lipid based products and applications for the life sciences markets and currently serves thousands of biopharmaceutical companies and researchers around the world. Avanti was founded in 1967 and is based in Alabaster, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Alban Muller

Vincennes, France

Alban Muller is a provider of botanical extracts, natural formulation ingredients and natural organic cosmetics. Alban Muller was founded in 1978 and is based in Vincennes, France.

Buy -

Seller(S) 1

SELLER

Eurazeo PME

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eurazeo PME, formerly known as OFI Private Equity Capital. Eurazeo PME invests equity and mezzanine capital in secondary buyout transactions of unlisted French companies. The Firm looks for opportunities valued between €50 and €250 million. Areas of interest include chemicals, financial services, consumer services, retail, manufacturing, distribution, and life science. Eurazeo PME was formed in 1997 and is based in Paris.

DEAL STATS #
Overall 22 of 29
Sector (Chemicals) 3 of 3
Type (Add-on Acquisition) 5 of 7
Country (Spain) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Altair

Wasquehal, France

Altair is a manufacturer and distributor of cleaning and home care products and household insecticides sold mainly through specialized channels. Altair was founded in 1946 and is based in Wasquehal, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Pat McGrath Labs

Santa Clara, California, United States

Pat McGrath Labs is an incomparable beauty line, having inspired and created celebrated makeup looks of 21st century. Pat McGrath Labs was founded in 2015 and is based in Santa Clara, California.

Sell -
Mergr

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