M&A Deal Summary

Mindful Capital Partners Acquires Italmatch

On December 6, 2010, private equity firm Mindful Capital Partners acquired chemicals company Italmatch from Investindustrial for 20M EUR

Acquisition Highlights
  • This is Mindful Capital Partners’ 1st transaction in the Chemicals sector.
  • This is Mindful Capital Partners’ 2nd largest (disclosed) transaction.
  • This is Mindful Capital Partners’ 6th transaction in Italy.
Investment Fate
  • Italmatch was sold to a consortium of financial buyers in 2014.
  • Italmatch was sold to a consortium of financial buyers in 2018.
  • Italmatch was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2010-12-06
Target Italmatch
Sector Chemicals
Buyer(s) Mindful Capital Partners
Sellers(s) Investindustrial
Deal Type Secondary Buyout
Deal Value 20M EUR

Target

Italmatch

Genoa, Italy
Italmatch is a chemical group, specialized in performance additives for water treatment, oil & gas, lubricants and plastics, and boasts a wide product range able to fulfil the requirements of the most demanding applications, including personal care. Italmatch was founded in 1997 and is based in Genoa, Italy.

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Buyer(S) 1

Buyer

Mindful Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Mandarin Capital Management SA is a Chinese-European private equity firm that seeks to invest in mid-market Italian and German companies looking to expand into Asia. Mandarin Capital looks to invest €10 to €30 million in companies generating revenues of €40 to €300 million. The Firm will consider both majority and minority equity positions. Prospective transaction situations include buyouts (MBOs, MBIs, and LBOs) and growth /development capital financings. Mandarin Capital Partners was formed in 2007 and has offices in Luxembourg, Milan, Frankfurt, and Shanghai.


DEAL STATS #
Overall 7 of 29
Sector: Chemicals M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 3
Country: Italy M&A 6 of 24
Year: 2010 M&A 3 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Tianji Bio-Pharmaceuticals

China

Tianji Bio-Pharmaceuticals engages in the active pharmaceutical ingredients and formulation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 GVS Group

Zola Predosa, Italy

GVS Group is a manufacturer of filters and components for applications in the Healthcare, Life Sciences, Automotive, Appliance, Safety, and Commercial & Industrial Filtration. GVS Group was founded in 1979 and is based in Zola Predosa, Italy.

Buy €22M

Seller(S) 1

SELLER

Investindustrial

London, United Kingdom

Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Investindustrial is an investment firm focused on creating global leaders through organic growth and acquisitions. The Firm is operationally driven and seeks opportunities in Southern Europe. Areas of interest include services, consumer, retail, leisure, and industrial manufacturing. Investindustrial has offices in London, Luxembourg, Milan, Lugano, Barcelona, Shanghai, and New York.


DEAL STATS #
Overall 8 of 35
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 6
Country: Italy M&A 3 of 15
Year: 2010 M&A 1 of 1
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-30 Cogetech

Milano, Italy

Formed in 2004, Cogetech Spa is an Italian gaming company dedicated to the entertainment sector with offices in Milan and Rome.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Banco BPM

Verona, Italy

Banco BPM is a provider of a full range of banking and financial products and services to individual, business, and corporate customers. Banco BPM was founded in 2017 and is based in Verona, Italy.

Buy -