M&A Deal Summary

Exponent Private Equity Acquires Natara

On February 16, 2023, private equity firm Exponent Private Equity acquired chemicals company Natara from IFF for 220M USD

Acquisition Highlights
  • This is Exponent Private Equity’s 1st transaction in the Chemicals sector.
  • This is Exponent Private Equity’s 10th largest (disclosed) transaction.
  • This is Exponent Private Equity’s 34th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-02-16
Target Natara
Sector Chemicals
Buyer(s) Exponent Private Equity
Sellers(s) IFF
Deal Type Divestiture
Deal Value 220M USD

Target

Natara

Hartlepool, United Kingdom
Natara is a manufacturer of synthetic and natural base aroma chemicals used in the flavor market. Natara is based in Hartlepool, United Kingdom.

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Buyer(S) 1

Buyer

Exponent Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Exponent is a private equity firm focused on acquiring middle-market businesses located in the UK and broader Europe. Exponent targets opportunities in the media, business and financial services, healthcare, consumer, and leisure sectors. The Firm seeks to invest in businesses valued from €150 to €500 million. Exponent has a particular interest in businesses that are prominent in their respective markets, but may benefit from or need operational improvement. Exponent Private Equity was formed in 2004 and is based in London.


DEAL STATS #
Overall 39 of 44
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 12 of 12
Country: United Kingdom M&A 34 of 36
Year: 2023 M&A 1 of 2
Size (of disclosed) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 PhotoBox

London, United Kingdom

Photobox offers a wide range of photo gifting products including photo books, calendars, canvases and wall-art, mugs, gifts, jigsaws, prints and magnets. The company has strong market positions in United Kingdom, France, Spain and Germany as well as other European markets. Photobox serves its key geographical markets through three online brands: Photobox, Hofmann & PosterXXL.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-21 Enva

Ireland

Enva is an environmental services platform providing mission-critical, highly specialized, and regulated waste management services in the UK and Ireland. The company conducts waste collection, processing, and resource recovery at 34 facilities across the UK and Ireland, serving more than 20,000 industrial, energy, automotive, and other customers. It focuses on waste streams with complex technical and regulatory characteristics, requiring specialized expertise and licenses. Enva was formed in 1972 and is based in Ireland.

Sell -

Seller(S) 1

SELLER

IFF

New York, New York, United States

Category Company
Founded 1909
Sector Chemicals
Employees22,400
Revenue 11.5B USD (2024)
DESCRIPTION

IFF is a provider of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents, and household goods, as well as beverages, sweet goods, and food products. IFF was founded in 1909 and is based in New York, New York.


DEAL STATS #
Overall 3 of 10
Sector: Chemicals M&A 2 of 8
Type: Divestiture M&A Deals 3 of 9
Country: United Kingdom M&A 1 of 2
Year: 2023 M&A 1 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 NovaTaste

Salzburg, Austria

NovaTaste provides a range of value-add savoury ingredients and blends, most notably under the Wiberg and Piasa brands. NovaTaste is based in Salzburg, Austria.

Sell $900M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Lucas Meyer Cosmetics

Québec, Quebec, Canada

Lucas Meyer Cosmetics is a manufacturer and marketer of innovative ingredients for the cosmetics and personal care industry. Lucas Meyer Cosmetics was formed in 1999 and is based in Québec.

Sell $810M