M&A Deal Summary

Emerging Capital Partners Acquires Notore Chemical Industries

On November 1, 2007, growth capital firm Emerging Capital Partners acquired agriculture company Notore Chemical Industries for 222M USD

Acquisition Highlights
  • This is Emerging Capital Partners’ 1st transaction in the Agriculture sector.
  • This is Emerging Capital Partners’ largest (disclosed) transaction.
  • This is Emerging Capital Partners’ 4th transaction in Nigeria.

M&A Deal Summary
Date 2007-11-01
Target Notore Chemical Industries
Sector Agriculture
Buyer(s) Emerging Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 222M USD

Target

Notore Chemical Industries

Onne, Nigeria
Notore Chemical Industries established a world-class nitrogenous fertilizer business which owns and operates an ammonia/urea fertilizer plant located near Port Harcourt, Nigeria. The plant, which utilizes low-cost natural gas, is projected to be among the world's lowest cost fertilizer producers and targets the local market.

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Buyer(S) 1

Buyer

Emerging Capital Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2000
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Emerging Capital Partners LLC (ECP) is a private equity firm that invests in diversified businesses across the Africa. ECP targets companies with proven operating models and strong market positions. Broad areas of interest include financial services, telecommunications, transport logistics, petrochemicals, natural resources, agribusiness, and utilities. Emerging Capital Partners was formed in 2000 and is based in Washington, DC. The Firm has additional offices in Paris, Abidjan, Casablanca, Douala, Johannesburg, Lagos, and Tunis.

DEAL STATS #
Overall 18 of 38
Sector (Agriculture) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 12 of 24
Country (Nigeria) 4 of 5
Year (2007) 7 of 8
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-07 Generale Assurance Mediterraneenne

Algiers, Algeria

Générale Assurance Méditerranéenne (GAM) was registered in 2001 and commenced operations in 2002. Since then, GAM has grown into one of Algeria's largest private insurance companies providing both life and non-life insurance products to customers within Algeria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Oando

Lagos, Nigeria

Oando Plc is a diversified oil and gas company. Oando is listed on both the Nigerian Stock Exchange and the JSE Securities Exchange in South Africa. Oando PLC was founded in 1956 and is based in Lagos, Nigeria.

Buy -
Mergr

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