M&A Deal Summary

Kemira Acquires Finnish Chemicals Oy

On February 7, 2005, Kemira acquired chemicals company Finnish Chemicals Oy from Silverfleet Capital and Montagu for 345M EUR

Acquisition Highlights
  • This is Kemira’s 5th transaction in the Chemicals sector.
  • This is Kemira’s largest (disclosed) transaction.
  • This is Kemira’s 1st transaction in Finland.

M&A Deal Summary
Date 2005-02-07
Target Finnish Chemicals Oy
Sector Chemicals
Buyer(s) Kemira
Sellers(s) Silverfleet Capital
Montagu
Deal Type Add-on Acquisition
Deal Value 345M EUR

Target

Finnish Chemicals Oy

Sastamala, Finland
Finnish Chemicals was founded by UPM-Kymmene and Nokia as a joint venture in 1991 by combining the chemical activities of both parent corporations. The Nokia arm of the business was founded as a chlorine producer by ICI and Solvay in 1937 and that of Kymmene was founded at the turn of the century.

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Buyer(S) 1

Buyer

Kemira

Helsinki, Finland
Category Company
Founded 1920
Sector Chemicals
Employees49,690
Revenue 3.4B EUR (2023)
DESCRIPTION

Kemira is a chemical industry group that Consists of three main segments. Kemira's main shareholder is Oras Invest Oy and its owners, members of the Paasikivi family. Kemira was founded in 1920 and is based in Helsinki, Finland.

DEAL STATS #
Overall 5 of 19
Sector (Chemicals) 5 of 13
Type (Add-on Acquisition) 3 of 11
Country (Finland) 1 of 1
Year (2005) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-07 Verdugt BV

Tiel, Missouri, Netherlands

A group of acid salts businesses that produces and distributes organic salts used in the food, chemical, pharmaceutical, and agricultural industries. Headquartered in Tiel, the Netherlands, Verdugt operates principally in Western Europe, where many of its products are market-leaders. CHPIII led a group of investors in purchasing Verdugt in February 1999. Company employees, including the existing management team, were retained as part of the transaction.

Buy €148M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-02 Cytec Industries - Water Treatment Business

United States

Cytec’s water treatment chemicals product line consists of water treatment solutions for industrial and municipal water treatment plants.

Buy €190M

Seller(S) 2

SELLER

Silverfleet Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Silverfleet Capital is an independent private equity firm that invests in market leading businesses in growing sectors. Silverfleet looks to acquire companies headquartered in Western Europe or US-based businesses with a substantial European presence. Target companies are typically valued between €75 and €500 million and operate in sectors spanning business and financial services, healthcare, leisure, and retail/consumer. Silverfleet Capital was formerly known as PPM Capital, operating under Prudential plc. Silverfleet has offices in London, Paris, Munich, and Chicago.

DEAL STATS #
Overall 8 of 42
Sector (Chemicals) 1 of 3
Type (Add-on Acquisition) 2 of 13
Country (Finland) 1 of 1
Year (2005) 1 of 3
Size (of disclosed) 12 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 BST Safety Textiles

Maulburg, Germany

BST Safety Textiles is headquartered in Maulburg near Lorrach (Baden-Wurttemberg). Johann Berger together with Seiba Hackelsberger, the predecessor company of BST, started the airbag manufacturing activities in 1987 and developed them into one of the leading players in the worldwide market for developing and manufacturing airbag fabrics for the automotive industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-18 The Astron Group

London, United Kingdom

Astron is Europe's premier integrated document solutions provider, combining world class Corporate Solutions with end-to-end Document Management and Marketing Support services. Astron is the UK's largest print and mail provider, delivering fully integrated document strategies to leading companies on a global scale.

Sell $990M
SELLER

Montagu

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Montagu is an independent private equity firm focused on European management buyouts and growth capital transactions. The Firm seeks opportunities valued between €100 million and €1 billion. Sectors of interest include healthcare, medical products, financial services, software, IT, information services, and education. Montagu dates back to 1968 and is based in London.

DEAL STATS #
Overall 27 of 76
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 12 of 31
Country (Finland) 1 of 1
Year (2005) 1 of 6
Size (of disclosed) 11 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-02 Picard

Fontainebleau, France

Picard is a frozen food retailer in France, with a product range that covers over 1,100 SKUS across nine product categories, from starters to desserts and from raw ingredients to prepared meals. Picard was founded in 1906 and is based in Fontainebleau, France.

Sell €1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-02 Vetxx A/S

Uldum, Denmark

VetXX markets pharmaceutical products for skin, eye and ear diseases, produces pet diet food (through the brand SPECIFIC) and pet care products for companion animals. All animal health products are distributed exclusively through veterinary surgeries.

Buy -
Mergr

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