M&A Deal Summary

Kiri Dyes & Chemicals Acquires DyStar

On February 1, 2010, Kiri Dyes & Chemicals acquired chemicals company DyStar from Platinum Equity

Acquisition Highlights
  • This is Kiri Dyes & Chemicals’ 1st transaction in the Chemicals sector.
  • This is Kiri Dyes & Chemicals’ 1st transaction in Germany.

M&A Deal Summary

Date 2010-02-01
Target DyStar
Sector Chemicals
Buyer(s) Kiri Dyes & Chemicals
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition

Target

DyStar

Frankfurt, Germany
DyStar is a global provider of dyes and services to the fashion and textile industries. With operations in countries in Europe, Asia, Africa, and the Americas, DyStar manufactures, sells and distributes a wide range of dyestuffs and pigment preparations. DyStar has a solid market position, long-term relationships with key customers, and is well-known globally for its innovative products.

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Buyer(S) 1

Buyer

Kiri Dyes & Chemicals

Ahmedabad, India

Category Company
Sector Manufacturing
DESCRIPTION

iri Industries Limited (KIL) is one of the largest manufacturer and exporter of wide range of Dyes, Intermediates and Chemicals.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 9 of 86
Sector: Chemicals M&A 1 of 3
Type: Add-on Acquisition M&A Deals 5 of 42
Country: Germany M&A 1 of 1
Year: 2010 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-12 Pomeroy IT Solutions

Hebron, Kentucky, United States

Pomeroy IT Solutions, Inc. is a provider of high quality IT infrastructure services from its locations throughout North America, Latin America, Europe, and Asia. Pomeroy’s portfolio of infrastructure managed services includes Workplace Services, Network Services, Data Center Services, and Cloud Services along with staffing services and the full range of procurement and logistics services. The industry’s foremost expert in Optimized Workplace Services, Pomeroy is industry recognized for Managed Workspace Services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-02 Broadleaf Logistics Co.

Vancouver, British Columbia, Canada

Broadleaf distributes a wide range of building materials, including engineered wood products, oriented strand board, panels, framing lumber, and specialty products to the Canadian residential construction market.

Sell -