M&A Deal Summary

Lone Star Funds Acquires Manuchar

On January 14, 2022, private equity firm Lone Star Funds acquired distribution company Manuchar from Ackermans & Van Haaren

Acquisition Highlights
  • This is Lone Star Funds’ 1st transaction in the Distribution sector.
  • This is Lone Star Funds’ 2nd transaction in Belgium.

M&A Deal Summary

Date 2022-01-14
Target Manuchar
Sector Distribution
Buyer(s) Lone Star Funds
Sellers(s) Ackermans & Van Haaren
Deal Type Divestiture

Target

Manuchar

Merksem, Belgium
Manuchar is a distributor of chemical products in emerging markets and handles over 5 million metric tonnes of goods per year. The company complements its chemicals distribution activities with international trade services in steel, polymers, and other raw materials. Manuchar's end-to-end chemical distribution business serves various industries, including home care, personal care, food & feed, agriculture, mining, oil & gas, glass, textiles, paper, and water treatment. Its international trade activities cover steel, plastics, cement, wood, paper, spare parts, and pharmaceuticals. Manuchar is based in Merksem, Belgium.

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Buyer(S) 1

Buyer

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 85.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


DEAL STATS #
Overall 21 of 28
Sector (Distribution) 1 of 1
Type (Divestiture) 5 of 8
Country (Belgium) 2 of 2
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Altadia Group

Castellón, Spain

Altadia is a manufacturer of intermediate products for the production of ceramic tiles. Altadia employs people across 19 countries with a global manufacturing footprint consisting of 32 production plants and 19 distribution centers. Altadia is based in Castellón, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 Senqcia

Tokyo, Japan

Senqcia is a company that specialized in manufacturing, developing, and providing building and construction materials and solutions. The company develops Raised Floor Systems, HIBASE Methods, HIRING Methods, and vibration dampers. It also has a highly valuable new business offering that produces earthquake-resistant products for existing infrastructure or properties. Senqcia is based in Tokyo, Japan.

Buy -

Seller(S) 1

SELLER

Ackermans & Van Haaren

Antwerp, Belgium

Category Company
Founded 1876
Sector Diversified
Employees22,331
Revenue 5.2B EUR (2023)
DESCRIPTION

Ackermans & Van Haaren is a diversified group active in 5 key segments: infrastructure & marine engineering, private banking (Delen Private Bank), real estate, leisure & senior care (Leas-invest Real Estate, a public regulated real estate company - Extensa, an important land and real estate developer focused on Belgium and Luxembourg), energy & resources (Sipef, an agro-industrial group in tropical agriculture) and development capital (Sofinim and GIB). Ackermans & Van Haaren was incorporated in 1876 and is based in Antwerp, Belgium.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
Country (Belgium) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Van Moer Logistics

Zwijndrecht, Belgium

Van Moer Logistics is specializes in the storage and transportation of various commodities. Van Moer Logistics is based in Zwijndrecht, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 AstriVax

Leuven, Belgium

AstriVax develops a wide range of vaccines to prevent and treat infectious diseases. AstriVax aims to address major challenges in vaccinology, such as the duration of protection and the ease of production. AstriVax is based in Leuven, Belgium.

Buy -