M&A Deal Summary

Nippon Paint Holdings Acquires AOC Trusted Solutions

On October 28, 2024, Nippon Paint Holdings acquired chemicals company AOC Trusted Solutions from Lone Star Funds

Acquisition Highlights
  • This is Nippon Paint Holdings’ 2nd transaction in the Chemicals sector.
  • This is Nippon Paint Holdings’ 1st transaction in the United States.
  • This is Nippon Paint Holdings’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2024-10-28
Target AOC Trusted Solutions
Sector Chemicals
Buyer(s) Nippon Paint Holdings
Sellers(s) Lone Star Funds
Deal Type Add-on Acquisition
Advisor(s) Jamieson Corporate Finance LLP (Financial)
Katz Teller (Legal)

Target

AOC Trusted Solutions

Collierville, Tennessee, United States
AOC is a manufacturer of specialty chemical formulations in the unsaturated polyester and vinyl ester sectors. With operations in North America, Europe and Asia, AOC serves customers globally in the infrastructure, construction (residential and commercial), transportation, and recreation sectors. AOC is based in Collierville, Tennessee.

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Buyer(S) 1

Buyer

Nippon Paint Holdings

Tokyo, Japan
Category Company
Founded 1881
Sector Chemicals
Employees34,393
Revenue 1.44T JPY (2023)
DESCRIPTION

Nippon Paint Holdings is a paint and coatings specialist that beautifies urban landscapes and continually creates superior Nippon Paint products to enhance people’s lives. Nippon Paint Holdings was founded in 1881 and is based in Tokyo, Japan.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-21 DuluxGroup

Clayton, Australia

DuluxGroup is a provider of premium branded paint, coatings, adhesives, garden care, and other building products to the residential home improvement, commercial, and infrastructure markets. DuluxGroup was established in 1918 and is based in Clayton, Australia.

Buy ¥291.7B

Seller(S) 1

SELLER

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 17 of 17
Sector (Chemicals) 4 of 4
Type (Add-on Acquisition) 6 of 6
State (Tennessee) 2 of 2
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-03 Eriks

Utrecht, Netherlands

ERIKS is a leading provider of a wide range of high-quality mechanical engineering components and associated technical and logistics services. Eriks was founded in 1940 and is based in Utrecht, The Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Kidde Global Solutions

Palm Beach Gardens, Florida, United States

Kidde Global Solutions offers advanced solutions and services to protect people and property in a wide range of applications, from complex commercial facilities to homes. Kidde Global Solutions unifies some of the most trusted and iconic brands in fire and life safety, including Kidde, Kidde Commercial, Edwards, GST, Badger, Gloria, and Aritec. Kidde Global Solutions is based in Palm Beach Gardens, Florida.

Buy $3.0B
Mergr

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