M&A Deal Summary

Indorama Ventures Acquires Artlant Pta SA

On November 9, 2017, Indorama Ventures acquired chemicals company Artlant Pta SA from ECS Capital

Acquisition Highlights
  • This is Indorama Ventures’ 2nd transaction in the Chemicals sector.
  • This is Indorama Ventures’ 1st transaction in Portugal.

M&A Deal Summary

Date 2017-11-09
Target Artlant Pta SA
Sector Chemicals
Buyer(s) Indorama Ventures
Sellers(s) ECS Capital
Deal Type Add-on Acquisition

Target

Artlant Pta SA

Monte Feio, Portugal
Artlant Pta, SA is a Purified Terephthalic Acid (PTA) plant in the Sines Industrial Complex in Portugal is a large PTA producer in Europe with a production capacity of 700,000 tonnes per annum. Artlant PTA, SA was incorporated in 2006 and is based in Monte Feio, Portugal.

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Buyer(S) 1

Buyer

Indorama Ventures

Bangkok, Thailand

Category Company
Founded 1994
Sector Chemicals
Revenue 541.5B THB (2024)
DESCRIPTION

Indorama Ventures is a petrochemical producers and a manufacturer of wool yarns. Indorama Ventures was founded in 1994 and is based in Bangkok, Thailand.


DEAL STATS #
Overall 4 of 8
Sector (Chemicals) 2 of 3
Type (Add-on Acquisition) 4 of 5
Country (Portugal) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 Bangkok Polyester Public

Bangkok, Thailand

Bangkok Polyester Public Co., Ltd. is a manufacturer of polyethylene terephthalate resins for the food, drinks, cosmetics and medical industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-13 Avgol

Petah Tikva, Israel

Avgol is a global manufacturer and supplier of ultra-lightweight nonwoven fabrics. Avgol products are primarily used by manufacturers of baby diapers, adult incontinence, and feminine hygiene products. Avgol is based in Petah Tikva, Israel.

Buy -

Seller(S) 1

SELLER

ECS Capital

Lisboa, Portugal

Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 845M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ECS Capital SCR SA is a private equity firm that targets growth companies headquartered in Portugal. ECS also selectively considers opportunities in Spain. ECS is a generalist investor primarily acquires majority stakes and looks to commit €5 to €15 million per transaction. Prospective transaction situations include growth capital financings, MBOs, MBIs, consolidations, and recapitalizations. ECS Capital SCR SA was formed in 2006 and is based in Lisbon.


DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Portugal) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Biovegetal

Alhandra, Portugal

Biovegetal is a producers of renewable energy, distributing biodiesel in portugal and in several european countries. Biovegetal was founded in 1997 and is based in Alhandra, Portugal.

Buy -