M&A Deal Summary

Freudenberg & Co KG Acquires Deurowood

On April 27, 2021, Freudenberg & Co KG acquired chemicals company Deurowood from Pinova Capital

Acquisition Highlights
  • This is Freudenberg & Co KG’s 1st transaction in the Chemicals sector.
  • This is Freudenberg & Co KG’s 1st transaction in Austria.

M&A Deal Summary

Date 2021-04-27
Target Deurowood
Sector Chemicals
Buyer(s) Freudenberg & Co KG
Sellers(s) Pinova Capital
Deal Type Add-on Acquisition

Target

Deurowood

Hard, Austria
Deurowood is a chemical company. Deurowood product portfolio comprises mainly of additives and hardeners regularly used in the production of decorative furniture surfaces and laminate flooring. Deurowood was founded in 2003 and is based in Hard, Austria.

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Buyer(S) 1

Buyer

Freudenberg & Co KG

Weinheim, Germany

Category Company
Founded 1849
Sector Business Services
DESCRIPTION

Freudenberg offers tailor-made, innovative technological products and services to customers in the automotive, mechanical and plant engineering, textile and clothing, construction, mining and heavy industry, energy, chemical, oil and gas sectors. The Group’s customers also include companies in the medical technology, civil aviation, rail vehicles and semiconductor sectors.


DEAL STATS #
Overall 8 of 10
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 9
Country: Austria M&A 1 of 1
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 Low & Bonar

London, United Kingdom

Low & Bonar PLC produces advanced, high-performance materials from polymer-based yarns and fibers. The proprietary technologies it uses to weave and create them lead to products with exceptional strength and versatility. Low & Bonar was 1903 and is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Protect Plus Industries

Hickory, North Carolina, United States

Protect Plus Industries is a manufacturer and distributor of retail air filters and related products for home HVAC systems. Protect Plus Industries was founded in 2003 and is based in Hickory, North Carolina.

Buy -

Seller(S) 1

SELLER

Pinova Capital

Munich, Germany

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PINOVA Capital GmbH is a private equity group focused on investing in growth oriented engineering and service based companies operating in German speaking Europe. Specific areas of interest include automotive and transport, chemicals/materials, environmental technology, industrial products, business services, environmental services, industrial services, and logistics. PINOVA seeks businesses generating €10 to €75 million in sales where the firm can invest €5 to €50 million of equity capital. Prospective companies demonstrate the potential to become market leaders. PINOVA Capital was formed in 2007 and is based in Munich, Germany.


DEAL STATS #
Overall 9 of 15
Sector: Chemicals M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 7
Country: Austria M&A 1 of 1
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Raynet

Paderborn, Germany

Raynet is a software and solution provider with a focus on the architecture, development, implementation and operation of all tasks in enterprise application lifecycle management. Raynet is based in Paderborn, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 OMERGY

Hamburg, Germany

OMERGY is a provide of fast-growing online marketing service. With innovative Google campaigns and optimized landing pages, it supports almost 2,500 regional customers in acquiring new customers, clients, patients, or applicants. OMERGY was founded in 2009 and is based in Hamburg, Germany.

Buy -