M&A Deal Summary

Foreman Capital Acquires DST-Chemicals

On November 23, 2021, private equity firm Foreman Capital acquired chemicals company DST-Chemicals

Acquisition Highlights
  • This is Foreman Capital’s 1st transaction in the Chemicals sector.
  • This is Foreman Capital’s 3rd transaction in Denmark.

M&A Deal Summary

Date 2021-11-23
Target DST-Chemicals
Sector Chemicals
Buyer(s) Foreman Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

DST-Chemicals

Kolding, Denmark
DST-Chemicals is a manufacturer and distributor of environmentally friendly chemical consumer goods used for metal cleaning in various production processes. DST manufactures its products in Denmark and India and sells its products from offices in seven different countries to blue-chip companies spread over more than 35 countries. DST-Chemicals was founded in 1987 and is based in Kolding, Denmark.

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Buyer(S) 1

Buyer

Foreman Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Foreman Capital is an independent Dutch investment firm focused on mid-sized trading, production, and service companies. Foreman seeks opportunities throughout Northwest Europe generating EBITDA of €2.5 to €25 million. Foreman will invest in a variety of investment situations, including MBOs, MBIs, successions, divestitures, turnarounds, and recapitalizations. Foreman looks to invest at least €2.5 million per transaction and will consider both minority (influential) and majority positions. Foreman Capital was formed in 2005 and is based in Amsterdam.


DEAL STATS #
Overall 15 of 18
Sector: Chemicals M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 15
Country: Denmark M&A 3 of 3
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 DiBO

Arendonk, Belgium

DiBO is a manufacturer and distributor of high-quality cleaning equipment such as high-pressure cleaners, steam cleaners and car wash equipment. The company has a production site in Belgium and sales offices in the Netherlands and Germany. DiBO products are sold to customers throughout Europe via a network of approximately 400 dealers. DiBO is based in Arendonk, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Quoratio

Bunnik, Netherlands

Quoratio is an operator of a secondment agency in the field of business-critical administrative processes within finance, payroll, and healthcare administration. The staff consists mainly of internally trained young and motivated specialists who are placed with clients as a trainee, consultant, or on a self-employed basis. In addition to offering administrative personnel, the company also provides BPO services. Quoratio is based in Bunnik, Netherlands.

Sell -