M&A Deal Summary

Orica Belgium SA Acquires Titanobel Belgium SA

On April 1, 2011, Orica Belgium SA acquired chemicals company Titanobel Belgium SA from Omnes Capital and NiXEN Partners

Acquisition Highlights
  • This is Orica Belgium SA’s 1st transaction in the Chemicals sector.
  • This is Orica Belgium SA’s 1st transaction in Belgium.

M&A Deal Summary

Date 2011-04-01
Target Titanobel Belgium SA
Sector Chemicals
Buyer(s) Orica Belgium SA
Sellers(s) Omnes Capital
NiXEN Partners
Deal Type Add-on Acquisition

Target

Titanobel Belgium SA

Chatelet, Belgium
Titanobel Belgium SA engages in the manufacture and sale of explosives for civil use.

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Buyer(S) 1

Buyer

Orica Belgium SA

Chatelet, Belgium

Category Company
Sector Machinery
DESCRIPTION

Orica Mining Services is the world's leading supplier of commercial explosives. Orica manufactures and distributes the widest range of Initiating Systems around the globe. Whether for general or niche applications, Orica offers customers a choice of products to meet their specific operational needs.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Belgium M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 2

SELLER

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.


DEAL STATS #
Overall 33 of 118
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 53
Country: Belgium M&A 2 of 4
Year: 2011 M&A 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-24 Ikaros Solar

Schoten, Belgium

Ikaros Solar develops, builds, owns and operates photovoltaic solar power plants in roof and ground. Ikaros Solar was founded in 2006 and is based in Schoten, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-07 Olly Gan

Aix en Provence, France

Olly Gan is a menswear brand and retail network which specializes in ready-to-wear for men aged 35-55, selling both "casual" and "city" clothing. Olly Gan was founded in 1981 and is based in Aix en Provence, France.

Buy -
SELLER

NiXEN Partners

Paris, France

Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NiXEN is a French private equity group that targets investments in middle-market companies valued between €30 and €300 million. iXEN looks to invest €20 to €25 million of equity capital to support management buyouts/buy-ins, leveraged build-ups, owner buy-outs (OBOs), and public to private deals. The Firm is a 'hands-on' investment group and will consider opportunities in a variety of sectors, including manufacturing, consumer goods, specialist retailing, restaurants, and services. iXEN is supported by Natixis Private Equity and was formerly known as Natexis Industrie. The Firm was formed in 1998 and is based in Paris.


DEAL STATS #
Overall 12 of 28
Sector: Chemicals M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Belgium M&A 1 of 1
Year: 2011 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-24 Gerflor

Lyon, France

Gerflor designs, manufactures and markets innovative, decorative, eco-responsible and complete solutions for resilient floors, wall coverings and accessibility, from installation to finish for professionals and individuals. Gerflor was founded in 1937 and is based in Lyon, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-11 Saverglass SAS

Feuquières, France

Saverglass SAS is a designer and manufacturer of high quality glass bottles for spirits and fine wines and, marginally, for the perfume sector.

Sell €420M