M&A Deal Summary

Lone Star Funds Acquires AOC

On July 13, 2021, private equity firm Lone Star Funds acquired chemicals company AOC from CVC Capital Partners for 2.4B USD

Acquisition Highlights
  • This is Lone Star Funds’ 3rd transaction in the Chemicals sector.
  • This is Lone Star Funds’ 4th largest (disclosed) transaction.
  • This is Lone Star Funds’ 8th transaction in the United States.
  • This is Lone Star Funds’ 2nd transaction in Tennessee.

M&A Deal Summary
Date 2021-07-13
Target AOC
Sector Chemicals
Buyer(s) Lone Star Funds
Sellers(s) CVC Capital Partners
Deal Type Secondary Buyout
Deal Value 2.4B USD

Target

AOC

Collierville, Tennessee, United States
AOC is a global CASE & Colorants company focused on producing and formulating unsaturated polyester resins, vinyl ester resins, and other solutions for applications in coatings & protective barriers, colorants & visual effects, adhesives, and conventional composite resins. It serves customers globally with specialty products for the automotive, marine, corrosion, construction, and infrastructure segments. AOC was formed in 1960 and has production facilities in the U.S., Canada, Mexico, Europe, and Asia.

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Buyer(S) 1

Buyer

Lone Star Funds

Dallas, Texas, United States

Investor 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 19 of 26
Sector (Chemicals) 3 of 3
Type (Secondary Buyout) 10 of 13
State (Tennessee) 2 of 2
Country (United States) 8 of 12
Year (2021) 1 of 2
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-08 Stark Group

Frederiksberg, Denmark

Stark Group is a distributor and retailer of building materials to clients from the Nordic region. Stark Group was formed in 1896 and is based in Frederiksberg, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Arclin

Alpharetta, Georgia, United States

Arclin is a manufacturer and formulator of proprietary surface overlays and specialty resins primarily for the residential building products market, as well as industrial, furniture, and non-residential construction markets. The Company serves high-growth applications, which are expected to continue benefiting significantly from positive trends in the market. It's IP-protected, proprietary products and assets drive key performance characteristics, and the Company maintains long-term relationships with its blue-chip customers and suppliers. Arclin was founded in 1992 and is based in Alpharetta, Georgia.

Sell -

Seller(S) 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 160 of 173
Sector (Chemicals) 8 of 8
Type (Secondary Buyout) 39 of 42
State (Tennessee) 2 of 2
Country (United States) 14 of 14
Year (2021) 9 of 15
Size (of disclosed) 11 of 54
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Aleph Holding

Dubai, United Arab Emirates

Aleph Holding is a provider of digital advertising sales for the leading digital media platforms - such as Twitter, Facebook, LinkedIn, Snapchat, Twitch and TikTok amongst others - giving access to new and under-served markets, while providing a complete suite of services that help advertisers maximise the value of their digital marketing investments. Aleph Holding was founded in 2020 and is based in Dubai, United Arab Emirates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Pharmathen

Amstelveen, Netherlands

Pharmathen is a European pharmaceutical company that focuses on developing, manufacturing, and out-licensing complex generic pharmaceutical products. Pharmathen's differentiated B2B model attracts a blue-chip customer base of more than 215 generic pharmaceutical companies, which it serves from two US/EU-approved manufacturing facilities in Greece. Pharmathen was founded in 1969 and is based in Amstelveen, Netherlands.

Buy €1.6B
Mergr

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