M&A Deal Summary

Maven Capital Partners and Foresight Private Equity Acquire FIS Chemicals

On October 27, 2020, asset manager Maven Capital Partners and private equity firm Foresight Private Equity acquired chemicals company FIS Chemicals for 2M GBP

Acquisition Highlights
  • This is Maven Capital Partners’ 3rd and Foresight Private Equity’s 3rd transaction in the Chemicals sector.
  • This is Maven Capital Partners’ 19th and Foresight Private Equity’s 0th largest (disclosed) transaction.
  • This is Maven Capital Partners’ 159th and Foresight Private Equity’s 130th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-10-27
Target FIS Chemicals
Sector Chemicals
Buyer(s) Maven Capital Partners
Foresight Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 2M GBP

Target

FIS Chemicals

Aberdeen, United Kingdom
FIS Chemicals develops and manufactures a range of specialist chemicals used by blue chip clients in the energy, utilities and marine sectors. The business supplies products, for use in stringently regulated environments and applications such as cleaning and enhancement, rust protection, descaling and water purification. FIS Chemicals was founded in 1980 and is based in Aberdeen, United Kingdom.

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Buyer(S) 2

Buyer

Maven Capital Partners

Glasgow, United Kingdom

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2009
PE ASSETS 760M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maven Capital Partners UK LLP (MCP) invests in lower mid-market companies throughout the UK. The Firm also provides mezzanine financing. MCP focuses on profitable companies with proven track records, balanced management teams, and diverse products and services. Maven looks to invest £2 - £20 million in businesses valued from £10 - £40 million. Sectors of interest include specialist manufacturing, health/pharmaceuticals, energy services, leisure, financial services, software and computer services, communication/IT, chemicals, food/beverage, media, consumer products, and support services. Types of transactions include MBOs, MBIs, BIMBOs, take privates, recapitalizations, and growth capital financings. Maven Capital Partners UK LLP was formed in 2009, following a management buyout of Aberdeen Asset Management's Private Equity division. Maven is based in Glasgow with additional offices in Aberdeen, Birmingham, Edinburgh, London and Manchester.


DEAL STATS #
Overall 161 of 221
Sector: Chemicals M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 29 of 32
Country: United Kingdom M&A 159 of 218
Year: 2020 M&A 14 of 20
Size (of disclosed) 19 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 SoPost

Newcastle upon Tyne, United Kingdom

SoPost is a platform that allows its customers to run highly targeted and data driven product sampling campaigns through a broad range of social media platforms and display advertising. It also undertakes the associated fulfilment of the product to consumers providing a one-stop-shop from the point of activation. SoPost was founded in 2012 and is based in Newcastle upon Tyne, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 MirrorWeb

Manchester, United Kingdom

MirrorWeb is a provider of digital communications archiving, supervision, and surveillance software space. The company helps organizations meet their compliance and digital preservation requirements. It provides a unified communications supervision solution to financial services firms, governments, and other regulated industries across the globe. MirrorWeb was founded in 2012 and is based in Manchester, United Kingdom.

Buy -
Buyer

Foresight Private Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Foresight Group LLP (Formerly VCF Partners)


DEAL STATS #
Overall 134 of 208
Sector: Chemicals M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 20
Country: United Kingdom M&A 130 of 202
Year: 2020 M&A 13 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 True Lens Services

Leicestershire, United Kingdom

True Lens Services is lens rehousing and service providers and specialises in the design, manufacture, and servicing of filming lenses. True Lens Services was founded in 2001 and is based in Leicestershire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-05 AudioScenic

Southampton, United Kingdom

AudioScenic is an audio technology company which offers patent protected user-adaptive 3D audio technologies for use in home audio, PC Gaming, Console Gaming, Home Cinema, Cinema, Automotive and public space applications. AudioScenic was founded in 2017 and is based in Southampton, United Kingdom.

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