M&A Deal Summary

IK Partners Acquires Kersia Group

On October 12, 2020, private equity firm IK Partners acquired chemicals company Kersia Group from Ardian and Cerea Partners

Acquisition Highlights
  • This is IK Partners’ 6th transaction in the Chemicals sector.
  • This is IK Partners’ 30th transaction in France.

M&A Deal Summary

Date 2020-10-12
Target Kersia Group
Sector Chemicals
Buyer(s) IK Partners
Sellers(s) Ardian
Cerea Partners
Deal Type Secondary Buyout

Target

Kersia Group

Dinard, France
Kersia Group engages in biosecurity and food safety with value-added products and solutions to prevent diseases or contamination in both animals and humans at every stage of the food supply chain. Kersia Group was founded in 1985 and is based in Dinard, France.

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Buyer(S) 1

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 140 of 185
Sector (Chemicals) 6 of 7
Type (Secondary Buyout) 49 of 73
Country (France) 30 of 46
Year (2020) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 You Sure

Ridderkerk, Netherlands

You Sure is an insurance distribution platform, providing insurance to small businesses and individuals. Operating mainly in the Property and Casualty (“P&C”) segment, You Sure acts both as an insurance broker and a Managing General Agent (“MGA”), and currently serves over 60,000 customers. You Sure was founded in 2011 and is headquartered in Ridderkerk, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-06 EQQO

Neuenkirchen, Germany

EQQO is a provider of infrastructure cleaning and maintenance services for municipalities and B2B customers. EQQO was founded in 1964 and is based in Neuenkirchen, Germany.

Buy -

Seller(S) 2

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 187 of 222
Sector (Chemicals) 9 of 9
Type (Secondary Buyout) 68 of 89
Country (France) 93 of 106
Year (2020) 14 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Allegro

Poznan, Poland

Allegro is an online marketplace in Poland that connects consumers with merchants. With more than 20 million users per month, 13 million active buyers and 125,000 merchants. Allegro offers consumers a vibrant and expansive shopping experience, and merchants excellent commercial opportunities. The group also operates Ceneo.pl - Poland’s leading online price comparison website, and eBilet – the leading event ticket sales site in Poland. Allegro was founded in 1999 and is based in Poznan, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 ANGUS

Buffalo Grove, Illinois, United States

ANGUS engages in the manufacture and distribution of nitroalkanes and their derivatives. Through its proprietary technology, ANGUS produces a unique portfolio of specialty additives and high-performance intermediates, which help customers deliver enhanced product and process performance across a wide range of applications in life sciences, personal care, and high-growth industrial markets. ANGUS was founded in 1935 and is headquartered in Buffalo Grove, Illinois.

Buy $2.3B
SELLER

Cerea Partners

Neuilly sur Seine, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Cerea Partners is a specialist investment firm focused on investing in and providing finance to agriculture and related sustainable food businesses. Cerea primarily targets companies in Western Europe and looks to invest in companies valued between €20 and €500 million. Prospective transaction situations includes LBOs, LBIs, OBOs, and spin-offs. Cerea Partners was formed in 2004 and is based in Paris, France.


DEAL STATS #
Overall 18 of 23
Sector (Chemicals) 1 of 1
Type (Secondary Buyout) 12 of 15
Country (France) 17 of 20
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-25 Groupe Axium S.A.

Andrézieux -Bouthéon, France

Groupe Axium S.A. is a PET (recyclable) & R-PET (recycled) plastic packaging solutions specialist. Axium mainly designs and manufactures plastic packaging solutions for the food, healthcare, and beauty sectors. Axium's products are divided between flasks, plugs, and boxes. Most of the materials used in the process (PEP and PP plastics) are 100% recyclable and recycled. Axium was formed in 1968 and is based in Andrézieux -Bouthéon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Olmix

Brehan, France

Olmix is a global specialist in sea-based biotechnologies and green chemistry, producing solutions for the animal nutrition and health (Animal Care) and crop nutrition and health (Plant Care) markets from algae and other natural raw materials. Olmix was founded in 1995 and is based in Brehan, France.

Buy -