M&A Deal Summary

Equistone and IK Partners Acquire Safic-Alcan

On June 24, 2022, private equity firms Equistone and IK Partners acquired chemicals company Safic-Alcan from Sagard and EMZ Partners

Acquisition Highlights
  • This is Equistone’s 3rd and IK Partners’ 7th transaction in the Chemicals sector.
  • This is Equistone’s 74th and IK Partners’ 41st transaction in France.

M&A Deal Summary
Date 2022-06-24
Target Safic-Alcan
Sector Chemicals
Buyer(s) Equistone
IK Partners
Sellers(s) Sagard
EMZ Partners
Deal Type Secondary Buyout

Target

Safic-Alcan

La Defense, France
Safic-Alcan is a distributor of specialty chemicals, develops and provides a large range of polymers, materials and additives for the rubber, coatings, pharmaceuticals and cosmetics industries. Safic-Alcan was founded in 1847 and is based in La Défense, France.

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Buyer(S) 2

Buyer

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.

DEAL STATS #
Overall 248 of 254
Sector (Chemicals) 3 of 3
Type (Secondary Buyout) 82 of 86
Country (France) 74 of 74
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-20 OneOcean

Enfield, United Kingdom

OneOcean is a distributor of navigational data charts, marine technical publications and digital products. OneOcean was founded in 1998 and is based in Enfield, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-04 Sicame

Pompadour, France

Sicame designs, manufactures and sells a complete range of specialised electrical equipment and accessories for transmission and distribution networks. Sicame was founded in 1955 and is based in Pompadour, France.

Sell -
Buyer

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.

DEAL STATS #
Overall 167 of 185
Sector (Chemicals) 7 of 7
Type (Secondary Buyout) 63 of 73
Country (France) 41 of 46
Year (2022) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-30 Bahr Modultechnik

Luhden, Germany

Bahr Modultechnik is a provider of highly configured modular electric linear motion systems, based on a broad portfolio of specialist components. The company has a diverse customer base with a presence in highly attractive automation-driven end markets, including pharmacy automation, warehouse automation, and robotics. Bahr’s unique modular system and customer-centric approach align with IMI’s business model. Bahr Modultechnik is based in Luhden, Germany.

Sell €98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 IG&H

Utrecht, Netherlands

IG&H is a Dutch digital transformation specialist with an end-to-end service offering, including consultancy and advisory, data analytics, low code application development, and digital solutions based on proprietary intellectual property. IG&H is based in Utrecht, Netherlands.

Buy -

Seller(S) 2

SELLER

Sagard

Paris, France

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2001
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Sagard is a multi-strategy alternative investment manager that invests across a variety of asset classes. These include private equity, public equity, private credit, royalties, and venture capital. Prospective transactions typically include buyouts or growth capital financings, where Sagard will consider either majority or minority positions. Sagard was formed in 2001 and is based in Montreal, Quebec.

DEAL STATS #
Overall 25 of 25
Sector (Chemicals) 1 of 1
Type (Secondary Buyout) 16 of 16
Country (France) 22 of 22
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 Stokomani

Creil, France

Stockomani is a “soft-discount” retailer with a network of supermarket stores outside urban cities. The group offers a diversified range of 25,000 products in segments such as clothing, house equipment, personal care and food. Stokomani was founded in 1962 and is based in Creil, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Novepan

Lomme, France

Novepan is specialized in production of breads, mainly premium baked frozen products as well as frozen raw products. Novepan is one of the first industries to have produced frozen raw breads. Novepan is based in Lomme, France.

Buy -
SELLER

EMZ Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 2.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

EMZ Partners is a provider of long-term capital solutions to help companies fund buyouts, acquisitions, and other financing needs. The Firm does not have any sector preferences and looks to invest between €10 and €120 million per transaction. EMZ Partners was established in 1999 and is headquartered in Paris.

DEAL STATS #
Overall 4 of 4
Sector (Chemicals) 2 of 2
Type (Secondary Buyout) 3 of 3
Country (France) 3 of 3
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Ankerkraut

Jesteburg, Germany

Ankerkraut develops, produces, and sells premium spice blends, mono-spices, tea, Advent calendars, gift sets and plans to launch into sauces in the near future. Ankerkraut was formed in 2013 and is based in Jesteburg, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-13 imes-icore

Eiterfeld, Germany

imes-icore is a developer, producer and seller of specialist CNC-CAD/CAM systems for milling, water jet and laser cutting as well as 3D-printing. The firm's products are used in dental laboratories, clinics and dental milling centres. imes-icore also offers specialized industrial production solutions for numerous industries such as e.g. jewellery, orthopaedic and automotive sectors as well as for model/mould construction. imes-icore was founded in 1972 and is based in Eiterfeld, Germany.

Buy -
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