M&A Deal Summary

PAI Partners Acquires Perstorp

On October 19, 2005, private equity firm PAI Partners acquired chemicals company Perstorp from IK Partners for 9.2B SEK

Acquisition Highlights
  • This is PAI Partners’ 1st transaction in the Chemicals sector.
  • This is PAI Partners’ 9th largest (disclosed) transaction.
  • This is PAI Partners’ 1st transaction in Sweden.
Investment Fate
  • Perstorp was sold to a consortium of financial buyers in 2018.
  • Perstorp was sold to a strategic buyer in 2022 for 2.3B EUR.

M&A Deal Summary

Date 2005-10-19
Target Perstorp
Sector Chemicals
Buyer(s) PAI Partners
Sellers(s) IK Partners
Deal Type Secondary Buyout
Deal Value 9.2B SEK

Target

Perstorp

Malmo, Sweden
Perstorp is a provider in the production of specialty chemical additives notably for the coatings and resin industries. Perstorp was founded in 1881 and is based in Malmo, Sweden.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 24 of 95
Sector: Chemicals M&A 1 of 3
Type: Secondary Buyout M&A Deals 3 of 47
Country: Sweden M&A 1 of 3
Year: 2005 M&A 9 of 9
Size (of disclosed) 9 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Global Closure Systems

Paris, France

Global Closure Systems Ltd. is a designer and manufacturer of plastics closures for consumer packaging offering a wide range of stock and custom designs and also producing a number of aluminium closures used for spirits and water packaging; over 38 billion closures are produced annually.

Buy €583M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Ipsen

Boulogne-Billancourt, France

Ipsen is a research and development pharmaceutical company. It manufactures specialty pharmaceuticals and has a worldwide sales presence. Ipsen focuses on products in the gastro-enterology, neurology and cardiovascular therapeutic areas and has also developed specific expertise in some biotech niches such as endocrinology, oncology, neurology and hematology. Ipsen was founded in 1929 and is based in Boulogne-Billancourt, France.

Sell -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 31 of 122
Sector: Chemicals M&A 3 of 4
Type: Secondary Buyout M&A Deals 5 of 51
Country: Sweden M&A 14 of 30
Year: 2005 M&A 4 of 7
Size (of disclosed) 2 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-21 Consolis

Brussels, Belgium

Consolis was formed by combining Consolis Oy Ab and French Bonna Sabla. Consolis is a precast concrete based solution provider and manufacturer of structural precast concrete elements. Consolis was founded in 2005 and is based in Brussels, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-28 Wehkamp

Zwolle, Netherlands

Wehkamp is an online fashion retailer in the Netherlands that also sells electronics, home, garden, sports, and leisure products through its website. The company is a household brand focused on catering to the typical middle-class family. Wehkamp was formed in 1952 and is based in Zwolle, Netherlands.

Buy -