M&A Deal Summary

Macquarie Infrastructure and Real Assets Acquires Currenta OHG

On August 6, 2019, infrastructure investor Macquarie Infrastructure and Real Assets acquired chemicals company Currenta OHG from Bayer and LANXESS for 3.5B EUR

Acquisition Highlights
  • This is Macquarie Infrastructure and Real Assets’ 1st transaction in the Chemicals sector.
  • This is Macquarie Infrastructure and Real Assets’ 2nd largest (disclosed) transaction.
  • This is Macquarie Infrastructure and Real Assets’ 1st transaction in Germany.

M&A Deal Summary

Date 2019-08-06
Target Currenta OHG
Sector Chemicals
Buyer(s) Macquarie Infrastructure and Real Assets
Sellers(s) Bayer
LANXESS
Deal Type Divestiture
Deal Value 3.5B EUR

Target

Currenta OHG

Leverkusen, Germany
Currenta GmbH & Co. OHG manages and operates infrastructure, energy supply, and other essential services across the chemical parks in Leverkusen, Dormagen, and Krefeld-Uerdingen, More than 70 production companies, and service providers currently enjoy the benefits of being located in Germany’s largest chemical park.

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Buyer(S) 1

DESCRIPTION

Macquarie Infrastructure and Real Assets (MIRA) is a global investor in infrastructure, real estate, agriculture, and energy assets. MIRA's infrastructure practice looks to acquire businesses such as transportation, water and energy utilities, and waste management. MIRA's real estate practice looks to acquire and develop retail, commercial, residential and industrial properties. MIRA's agriculture team looks to operate and develop agriculture businesses and farmland. MIRA's energy team seeks opportunities in upstream energy and upstream energy-related assets and businesses in the US and Canada. Macquarie Infrastructure and Real Assets is headquartered in London with additional offices throughout the world.


DEAL STATS #
Overall 13 of 20
Sector (Chemicals) 1 of 1
Type (Divestiture) 3 of 4
Country (Germany) 1 of 2
Year (2019) 3 of 7
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 Brussels Airport

Brussels, Belgium

Brussels Airport manages the Brussels airport, a European airport handling 25.7 million passengers and 732,000 tonnes of freight annually. Brussels Airport links the European capital with 248 destinations worldwide and is served by 80 different airlines. Brussels Airport is based in Brussels, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 Ocean Breeze Energy KG

Bremen, Germany

Ocean Breeze Energy GmbH & Co. KG is the owner and operator of the wind farm, BARD Offshore 1 (BO1), about 100 km off the German North Sea coast. BO1, Germany's first commercial and currently the most powerful offshore wind farm, has been fully connected to the electricity grid since September 2013. With a capacity of 80 wind turbines of the 5-megawatt class, a rated output of 400 megawatts will be achieved - equivalent to the electricity requirement of more than 400,000 households.

Buy -

Seller(S) 2

SELLER

Bayer

Leverkusen, Germany

Category Company
Founded 1863
Sector Life Science
Employees98,189
Revenue 47.6B EUR (2023)
DESCRIPTION
Bayer office building in North Sydney, Australia.
Bayer office building in North Sydney, Australia.

Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech polymer materials. As an innovation company, it sets trends in research-intensive areas. Bayer’s products and services are designed to benefit people and improve the quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer was founded in 1863 and is based in Leverkusen, Germany.


DEAL STATS #
Overall 13 of 23
Sector (Chemicals) 5 of 6
Type (Divestiture) 9 of 19
Country (Germany) 8 of 12
Year (2019) 3 of 4
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Dr. Scholl s Shoes

St. Louis, Missouri, United States

Dr. Scholl's Shoes is a provider of foot care brand that has an over 110-year heritage with brand equity in the foot care category. Dr. Scholl's Shoes is based in St. Louis, Missouri.

Sell $585M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 BlueRock Therapeutics

Cambridge, Massachusetts, United States

BlueRock Therapeutics LLC is a cell therapy company with a mission to develop regenerative medicines for intractable diseases. BlueRock Therapeutics’ CELL+GENE™ platform harnesses the power of cells for new medicines across neurology, cardiology and immunology indications. BlueRock Therapeutics’ cell differentiation technology recapitulates the cell’s developmental biology to produce native cell therapies, which are further engineered for additional function. Utilizing these cell therapies to replace damaged or degenerated tissue brings the potential to restore or regenerate lost function.

Buy $1.0B
SELLER

LANXESS

Cologne, Germany

Category Company
Founded 1863
Sector Chemicals
Employees12,621
Revenue 6.7B EUR (2023)
DESCRIPTION
Entrance to Lanxess' Pittsburgh, Pennsylvania office.
Entrance to Lanxess' Pittsburgh, Pennsylvania office.

LANXESS is a specialty chemicals company. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates, and specialty chemicals. LAXNESS was founded in 1863 and is based in Cologne, Germany.


DEAL STATS #
Overall 2 of 3
Sector (Chemicals) 2 of 3
Type (Divestiture) 2 of 3
Country (Germany) 2 of 3
Year (2019) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-25 Chemtura

Philadelphia, Pennsylvania, United States

Chemtura Corp. is a specialty chemicals company. Chemtura offers a number of products used in the transportation, energy & electronics, and agriculture sectors. Chemtura was formed in 1900 and is based in Philadelphia, Pennsylvania.

Buy $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-13 Lanxess Organometallics

Cologne, Germany

Lanxess Organometallics GmbH is a provider of organotin catalysts, organotin specialties, and intermediates product lines. Lanxess Organometallics is based in Cologne, Germany.

Sell -