M&A Deal Summary

DuluxGroup Acquires Cromology

On October 20, 2021, DuluxGroup acquired chemicals company Cromology from European Capital and Wendel Group for 1.3B EUR

Acquisition Highlights
  • This is DuluxGroup’s 1st transaction in the Chemicals sector.
  • This is DuluxGroup’s largest (disclosed) transaction.
  • This is DuluxGroup’s 1st transaction in France.

M&A Deal Summary
Date 2021-10-20
Target Cromology
Sector Chemicals
Buyer(s) DuluxGroup
Sellers(s) European Capital
Wendel Group
Deal Type Add-on Acquisition
Deal Value 1.3B EUR

Target

Cromology

Clichy, France
Cromology designs, manufactures, sells, and distributes a wide range of decorative paints and products to professionals and consumers through its presence in eight European countries. 65% of its activity is in France, 35% in Southern Europe, and in the rest of the world. Cromology was founded in 1986 and is based in Clichy, France.

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Buyer(S) 1

Buyer

DuluxGroup

Clayton, Australia
Category Company
Founded 1918
Sector Chemicals
Revenue 1.8B AUD (2018)
DESCRIPTION

DuluxGroup is a provider of premium branded paint, coatings, adhesives, garden care, and other building products to the residential home improvement, commercial, and infrastructure markets. DuluxGroup was established in 1918 and is based in Clayton, Australia.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (France) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-11 Alesco

Clayton, Australia

Alesco Corp. Ltd. manages brands in the building, industrial and automotive sectors. Our mission is to build a portfolio of specialist industrial franchises and to maximise their potential.

Buy -

Seller(S) 2

SELLER

European Capital

London, United Kingdom
Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

European Capital is the European investment affiliate of American Capital. European Capital looks to provide a variety of investment and financing solutions including unitranche debt, mezzanine capital, senior debt, and equity co-investment. Funds are typically used to support buyouts, recapitalizations, finance growth, and make acquisitions. European Capital is sector agnostic, however the Firm has a preference for investments in the consumer, technology, manufacturing, services, and distribution sectors. European Capital was formed in 2005 and is based in London.

DEAL STATS #
Overall 54 of 54
Sector (Chemicals) 5 of 5
Type (Add-on Acquisition) 17 of 17
Country (France) 19 of 19
Year (2021) 1 of 1
Size (of disclosed) 7 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-10 Fat Face

Havant, United Kingdom

Fat Face retails premium men's, women's and children's clothing and accessories, created by its own in-house design team. Fat Face was founded in 1988 and is based in Havant, United Kingdom.

Sell -
SELLER

Wendel Group

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1704
Size Large
Type Sector Agnostic
DESCRIPTION

Wendel Group is a publicly traded investment group that seeks to invest €200 to €700 in public and private companies. The Firm focuses on opportunities across France, Germany, and the Benelux, but will also consider opportunities in greater Europe, North America, and select regions of Africa. Target companies typically exhibit predictable cash-flows, high barriers to entry, and are leaders in their respective markets. Wendel was originally established in 1704 and is based in Paris.

DEAL STATS #
Overall 12 of 14
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (France) 5 of 6
Year (2021) 2 of 2
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 IHS

London, United Kingdom

IHS is one of the largest independent owners, operators, and developers of shared telecommunications infrastructure in the world. IHS provides mission-critical telecommunications infrastructure to customers, most of who are leading MNOs, who in turn provide wireless voice and data services to their end-users. IHS was founded in 2001 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 ACAMS

Houston, Texas, United States

ACAMS is a provider of training and certifications for anti-money laundering (“AML”) and financial crime prevention professionals. ACAMS has a large, global membership base with more than 90,000 members in 175 countries, including over 50,000 professionals with an ACAMS certification. ACAMS was founded in 2001 and is based in Houston, Texas.

Buy $355M
Mergr

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