M&A Deal Summary

PAI Partners and Landmark Partners Acquire Perstorp

On September 26, 2018, private equity firm PAI Partners and secondary investor Landmark Partners acquired chemicals company Perstorp from PAI Partners

Acquisition Highlights
  • This is PAI Partners’ 2nd and Landmark Partners’ 1st transaction in the Chemicals sector.
  • This is PAI Partners’ 3rd and Landmark Partners’ 1st transaction in Sweden.
Investment Fate
  • Perstorp was sold to a strategic buyer in 2022 for 2.3B EUR.

M&A Deal Summary

Date 2018-09-26
Target Perstorp
Sector Chemicals
Buyer(s) PAI Partners
Landmark Partners
Sellers(s) PAI Partners
Deal Type Secondary Buyout

Target

Perstorp

Malmo, Sweden
Perstorp is a provider in the production of specialty chemical additives notably for the coatings and resin industries. Perstorp was founded in 1881 and is based in Malmo, Sweden.

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Buyer(S) 2

Buyer

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 60 of 95
Sector: Chemicals M&A 2 of 3
Type: Secondary Buyout M&A Deals 22 of 47
Country: Sweden M&A 3 of 3
Year: 2018 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-20 Asmodee

Guyancourt, France

Asmodee is an international publisher and distributor for board games, trading cards, and digital board games with over 39 million games sold annually in more than 50 countries. Through 22 fully owned studios and 300+ IPs, the company creates a dynamic transmedia experience for players across a variety of digital and physical platforms. Asmodee has a portfolio of 970+ games, of which some of the iconic game titles include Catan, Ticket to Ride, Pandemic, Dixit, Splendor, 7 Wonders, Just One, Dobble/Spot it!, Azul, Unlock!, Bezzerwizzer and Exploding Kittens. It also establishes licensing and distribution partnership with leading entertainment and technology companies on successful IPs such as Pokémon, Magic: The Gathering, Disney, Harry Potter, Lord of the Rings, Star Wars, Marvel, Dungeons & Dragons and Carcassonne. Asmodee was formed in 1995 and is based in Guyancourt, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 StellaGroup

Labège, France

StellaGroup is a manufacturer of roller shutters, grilles, and metal shutters. Its 900 employees design and manufacture doors, shutters, fences and gates for both the residential and industrial markets. StellaGroup operates five plants located in France, serving over 10,000 customers. StellaGroup is based in Labège, France.

Buy -
Buyer

Landmark Partners


Category Secondary Investor
Founded 1989
PE ASSETS 15.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Landmark Partners is now a part of Ares Management Corporation.


DEAL STATS #
Overall 5 of 5
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
Country: Sweden M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 VelociTel

Arlington, Virginia, United States

VelociTel LLC is a provider of an outsourced professional infrastructure services to the wireless communications industry, including tower owners, wireless carriers and the public safety market. VelociTel provides a suite of turnkey services focused on wireless towers and rooftop sites, including radio frequency engineering and network optimization, site acquisition and development; architecture and engineering, construction management, maintenance, and site health and safety solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Education of America

Birmingham, Alabama, United States

Education Corporation of America, Inc. is an operator of post-secondary schools. Education Corporation of America is the holding company of Virginia College is a for-profit, nationally accredited post-secondary education provider to approximately 18,000 students. Virginia College has a presence in 25 markets and the Internet.

Sell -

Seller(S) 1

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 39 of 52
Sector: Chemicals M&A 1 of 2
Type: Secondary Buyout M&A Deals 20 of 26
Country: Sweden M&A 1 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-20 Asmodee

Guyancourt, France

Asmodee is an international publisher and distributor for board games, trading cards, and digital board games with over 39 million games sold annually in more than 50 countries. Through 22 fully owned studios and 300+ IPs, the company creates a dynamic transmedia experience for players across a variety of digital and physical platforms. Asmodee has a portfolio of 970+ games, of which some of the iconic game titles include Catan, Ticket to Ride, Pandemic, Dixit, Splendor, 7 Wonders, Just One, Dobble/Spot it!, Azul, Unlock!, Bezzerwizzer and Exploding Kittens. It also establishes licensing and distribution partnership with leading entertainment and technology companies on successful IPs such as Pokémon, Magic: The Gathering, Disney, Harry Potter, Lord of the Rings, Star Wars, Marvel, Dungeons & Dragons and Carcassonne. Asmodee was formed in 1995 and is based in Guyancourt, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 StellaGroup

Labège, France

StellaGroup is a manufacturer of roller shutters, grilles, and metal shutters. Its 900 employees design and manufacture doors, shutters, fences and gates for both the residential and industrial markets. StellaGroup operates five plants located in France, serving over 10,000 customers. StellaGroup is based in Labège, France.

Buy -