M&A Deal Summary

Odewald KMU Acquires Together for Leather

On October 31, 2003, private equity firm Odewald KMU acquired chemicals company Together for Leather from Permira

Acquisition Highlights
  • This is Odewald KMU’s 1st transaction in the Chemicals sector.
  • This is Odewald KMU’s 1st transaction in Singapore.
Investment Fate
  • Together for Leather was sold to a consortium of financial buyers in 2013.

M&A Deal Summary

Date 2003-10-31
Target Together for Leather
Sector Chemicals
Buyer(s) Odewald KMU
Sellers(s) Permira
Deal Type Secondary Buyout

Target

Together for Leather

Singapore, Singapore
Together for Leather researches, manufactures and markets chemicals products and provided application services for the treatment of leather for tanneries. Together for Leather was founded in 1996 and is based in Singapore, Singapore.

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Buyer(S) 1

Buyer

Odewald KMU

Berlin, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Odewald is a leading German independent private equity firm focused on investments in high-growth small and medium-sized companies in Germany, Austria and Switzerland. Odewald manages its equity funds through its two companies Odewald & Compagnie Gesellschaft für Beteiligungen mbH and Odewald KMU Gesellschaft für Beteiligungen mbH. Odewald & Compagnie generally acquires majority interest in profitable SMEs holding strong potential companies with revenues upto EUR 400 million. It looks to invests EUR 30 million and EUR 50 million of equity per transaction. Odewald KMU seeks to invest EUR 5 million and EUR 20 million of equity per transaction. Prospective transaction situations include management buyouts, buy-ins, industry consolidations, and divestitures. Odewald was formed in 1997 and is based in Berlin.


DEAL STATS #
Overall 3 of 28
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 5
Country: Singapore M&A 1 of 1
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-03 Uni-Data AG

Schwaig, Germany

UNI-DATA is a special service provider for logistics in the field of IT and telecommunications components. In addition, the company offers emergency spare-part logistics and on-the-spot maintenance and repair services. UNI-DATA also provides technical services for IT hardware producers

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 TUJA Zeitarbeit

Dusseldorf, Germany

TUJA Holding GmbH, the temporary employment agency, from a German private equity firm, Odewald & Compagnie. As one of Germany's leading temporary staffing firms, TUJA serves a range of customers, in particular mid-sized companies but also larger clients, from the automotive and aviation industries.

Buy -

Seller(S) 1

SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 12 of 97
Sector: Chemicals M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 29
Country: Singapore M&A 1 of 1
Year: 2003 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-01 Seat Pagine Gialle

Milano, Italy

Seat Pagine Gialle is a European directory advertising, web marketing services, and business information group, based in Italy, with significant activities in Germany and the UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-10 Sirona Dental Systems

Long Island City, New York, United States

Sirona Dental Systems, Inc. is a manufacturer of dental equipment, including treatment units, instruments, dental imaging systems, and dental CAD/CAM systems, including the company's CEREC 3 chair side system for same-day dental restorations.

Sell $480M