Add-on Acquisition • Building Materials

Kingspan Acquires Onduline

On February 24, 2022, Kingspan acquired building materials company Onduline from Naxicap Partners

Acquisition Context
  • This is Kingspan’s 11th transaction in the Building Materials sector.
  • This is Kingspan’s 2nd transaction in France.

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M&A Deal Summary

Date February 24, 2022
Target Onduline
Sector Building Materials
Buyer(s) Kingspan
Sellers(s) Naxicap Partners
Deal Type Add-on Acquisition

Target Company

Onduline

Suresnes, France
Onduline is a manufacturing and marketing bitumen based roofing materials mainly roofing sheets and roof deck sheets. Onduline develops, produces and sells light building materials produced from recycled fibers and oil. Onduline was founded in 1944 and is based in Suresnes, France.
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Buyer Overview 1

Buyer

Kingspan

Kingscourt, Ireland

Category Company
Founded 1965
Sector Building Materials
Employees24,802
Revenue 8.6B EUR (2024)
DESCRIPTION

Kingspan is a provider in high performance insulation, building fabric and solar integrated building envelopes. Kingspan delivers high efficiency, low cost and low carbon building solutions across a broad range of market sectors. Kingspan was founded in 1965 and is based in Kingscourt, Ireland.


Deal Context for Buyer #
Overall 15 of 16
Sector: Building Materials 11 of 12
Type: Add-on Acquisition 10 of 10
Country: France 2 of 2
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Logstor

Logstor, Denmark

Logstor is a supplier of pre-insulated pipe systems, not only for District Heating, but also for District Cooling, Oil & Gas, and various industrial verticals. Logstor is an international enterprise with sales and production companies in Denmark, Sweden, Finland, and Poland and has sales to more than 50 markets through resellers and own sales companies in Germany, the Netherlands, Switzerland, Austria, France, Lithuania, Italy, Romania, and United Kingdom. Logstor was formed in 1960 and is headquartered in Løgstør, Denmark.

Buy €253M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-21 NOW Contec

Waldfischbach-Burgalben, Germany

NOW Contec focus is on the packaging of sheet materials for building protection as underlay sheets, vapor barriers, facade sheets, geotextiles, etc. NOW Contec is based in Waldfischbach-Burgalben, Germany.

Buy -

Seller Profile 1

SELLER

Naxicap Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 6.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Naxicap Partners is a private equity firm focused on leveraged buyouts and growth capital investments in small to medium-sized businesses in France, the Benelux, Spain, and Germany. Naxicap invests in a variety of sectors including business services, technology, healthcare, food, real estate, and consumer products. Naxicap Partners was established in 2005 and is headquartered in Paris, France.


Deal Context for Seller #
Overall 59 of 73
Sector: Building Materials 2 of 2
Type: Add-on Acquisition 13 of 18
Country: France 58 of 71
Year: 2022 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Oxysign

Aubagne, France

Oxysign is a specialist in industrial marking and signage solutions. Oxysign represents infinite possibilities, from large series with worldwide distribution to unique and tailor-made support, from the most technological products to the age-old art of wall screen printing. Oxysign was founded in 1978 and is based in Aubagne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 Wichard Group

Thiers, France

Wichard Group manufactures marine hardware products and specialist in hot-drop forging for the medical, automotive, parachute hardware and aeronautic cutlery. Wichard Group was founded in 1919 and is based in Thiers, France.

Sell -