M&A Deal Summary

OMNOVA Solutions Acquires Eliokem International SAS

On December 14, 2010, OMNOVA Solutions acquired chemicals company Eliokem International SAS from Ardian for 228M EUR

Acquisition Highlights
  • This is OMNOVA Solutions’ 1st transaction in the Chemicals sector.
  • This is OMNOVA Solutions’ 0th largest (disclosed) transaction.
  • This is OMNOVA Solutions’ 1st transaction in France.

M&A Deal Summary
Date 2010-12-14
Target Eliokem International SAS
Sector Chemicals
Buyer(s) OMNOVA Solutions
Sellers(s) Ardian
Deal Type Add-on Acquisition
Deal Value 228M EUR

Target

Eliokem International SAS

Villejust, France
Eliokem International SAS is a manufacturer and marketer of speciality chemicals used in paints, masonry coatings, rubber, plastic, printer toners, textiles and latex.

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Buyer(S) 1

Buyer

OMNOVA Solutions

Beachwood, Ohio, United States
Category Company
Founded 1999
Sector Chemicals
Employees1,900
Revenue 770M USD (2018)
DESCRIPTION
OMNOVA Solutions' corporate headquarters in Fairlawn, Ohio.
OMNOVA Solutions' corporate headquarters in Fairlawn, Ohio.

OMNOVA Solutions, Inc. is a manufacturer of emulsion polymers and specialty chemicals. OMNOVA was formed in 1999 and is based in Fairlawn, Ohio. OMNOVA Solutions was founded in 1999 and is based in Beachwood, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (France) 1 of 1
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 OMNOVA Solutions - Rubber Manufacturing Business

United States

OMNOVA Solutions - Rubber Manufacturing Business is a manufacturer of rubber products.

Sell $5M

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 27 of 222
Sector (Chemicals) 1 of 9
Type (Add-on Acquisition) 7 of 52
Country (France) 19 of 106
Year (2010) 7 of 8
Size (of disclosed) 24 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-13 Adverline SA

Paris, France

Adverline specializes in online audience monetisation and has developed a coherent strategy through complementary services: internet ad network, micropayment, internet site hosting and publishing. In 10 years, Adverline has become one of the top 10 French internet ad network sites by federating hundreds of sites representing more than 20 million unique visitors each month.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-20 E.ON Rete Mediterranea S.r.l.

Ferrara, Italy

E.ON Rete is a fully-owned subsidiary of E.ON Italia Spa and operates in the natural gas distribution in Italy. E.ON Rete supplies about 600,000 gas delivery points located in around 300 municipalities (predominantly in the northern-central regions). 2010 expected Revenues and EBITDA are respectively EUR 94 million and 40 million.

Buy -
Mergr

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