M&A Deal Summary

OpenGate Capital and Optimal Investment Group Acquire Kem One SAS

On December 20, 2013, private equity firms OpenGate Capital and Optimal Investment Group acquired chemicals company Kem One SAS from Klesch & Company

Acquisition Highlights
  • This is OpenGate Capital’s 1st and Optimal Investment Group’s 1st transaction in the Chemicals sector.
  • This is OpenGate Capital’s 5th and Optimal Investment Group’s 1st transaction in France.

M&A Deal Summary
Date 2013-12-20
Target Kem One SAS
Sector Chemicals
Buyer(s) OpenGate Capital
Optimal Investment Group
Sellers(s) Klesch & Company
Deal Type Divestiture
Advisor(s) Daiwa Corporate Advisory Ltd. (DC Advisory) (Financial)

Target

Kem One SAS

Lyon, France
Kem One SAS is the second largest producer of PVC in Europe offering chlorochemicals and vinyl solutions for application in various sectors including construction, agriculture and healthcare. The business is headquartered in Lyon, France and employs approximately 1,300 people across its production facilities in France and Spain, and sales offices in Germany and Italy.

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Buyer(S) 2

Buyer

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.

DEAL STATS #
Overall 19 of 47
Sector (Chemicals) 1 of 5
Type (Divestiture) 13 of 29
Country (France) 5 of 11
Year (2013) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-19 PennySaver USA Publishing

Brea, California, United States

PennySaver USA Publishing LLC is a provider of print and digital, hyper-local, marketing and advertising services to California-based and nationwide customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-28 AGIS Fire & Security

Warsaw, Poland

AGIS Fire & Security distributes electronic security and fire protection solutions in Poland, Greece, Finland, and Hungary.

Buy -
Buyer

Optimal Investment Group

Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Optimal Investment Group is a private equity firm focused on acquiring control positions in North American companies with $20 to $500 million of revenue. The Firm is industry agnostic and will consider a variety of investment situations including buyouts, corporate carve-outs, and special situations. Optimal Investment Group was formed in 2006 and is based in Sherman Oaks, California.

DEAL STATS #
Overall 5 of 11
Sector (Chemicals) 1 of 1
Type (Divestiture) 2 of 3
Country (France) 1 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Models1

London, United Kingdom

Models1 Ltd. is a model and talent agency in Europe, providing many high profile models to major customers such as Marks and Spencer, Prada, Giorgio Armani, Addidas, Elle, Gucci, Vogue and MTV to name a few. Models on their books include model of the year Agyness Deyn, Linda Evangelista, Yasmin Le Bon, Karolina Kurkova, Twiggy, Angie Everhart, Leah Wood and Noemie Lenoir.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-10 Benvic

Chevigny Saint Sauveur, France

Benvic develops, produces and markets highly customized, innovative thermoplastic solutions based on PVC, TPE, HFFR and bio-polymers that are utilized across a wide range of rigid and flexible end-applications including building and construction, medical, automotive, aerospace, cabling, packaging and fluid transport. Benvic was founded in 1963 and is based in Chevigny Saint Sauveur, France.

Buy -

Seller(S) 1

SELLER

Klesch & Company

London, United Kingdom
Category Company
Founded 1990
Sector Metals/Mining
DESCRIPTION

The Klesch Group is a global industrial company that acquires commodity producing companies. Klesch looks to acquire and integrate companies in Metals and Mining, Oil and Gas, Power Generation, Chemicals, Traditional Industrials, and Infrastructure.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 2
Country (France) 1 of 2
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 NAKAN

Reims, France

NAKAN is a global leader in PVC, TPE and TPO compounds for selected markets: Automotive Industry, Healthcare, Packaging, Consumer Goods, Building & Construction. The wide range of Nakan products includes rigid and flexible grades for extrusion, injection, pressing and roto-molding: a full set of possibilities for manufacturers and end-users to answer any specific application.

Sell -
Mergr

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