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M&A Deal Summary

Paragon Partners Acquires Castolin Eutectic

On April 22, 2020, private equity firm Paragon Partners acquired safety/security company Castolin Eutectic from Messer Industries

Acquisition Highlights
  • This is Paragon Partners’ 3rd transaction in the Safety/Security sector.
  • This is Paragon Partners’ 21st transaction in Germany.

M&A Deal Summary
Date 2020-04-22
Target Castolin Eutectic
Sector Safety/Security
Buyer(s) Paragon Partners
Sellers(s) Messer Industries
Deal Type Divestiture

Target

Castolin Eutectic

Kriftel, Germany
Castolin Eutectic is a global provider of wear protection and repair solutions for industrial equipment. Its products are tailored to mitigate wear and abrasion challenges in thousands of unique applications across more than 50 industries. Clients benefit from increased productivity and useful life of production equipment. Castolin Eutectic was founded in 1906 and is based in Kriftel, Germany.

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Buyer(S) 1

Buyer

Paragon Partners

Munich, Germany

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Paragon Partners is an independent private equity group focused on investments within German speaking Europe (Germany, Austria, Switzerland). The Firm does not have any sector preferences, generally targeting profitable companies (EBIT of €5 to €70 million) with attractive business models and 'outstanding' management. Paragon Partners was formed in 2004 and is based in Munich.

DEAL STATS #
Overall 28 of 33
Sector (Safety/Security) 3 of 3
Type (Divestiture) 7 of 8
Country (Germany) 21 of 26
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 Novagraaf B.V.

Amsterdam, Netherlands

Novagraaf B.V. is an intellectual property services provider, offering a broad range of consultancy and registration services for trademarks, patents, and other intellectual property rights. Novagraaf B.V. is based in Amsterdam, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 WEKA Group

Kissing, Germany

WEKA Group is a media company that provides business information, advanced vocational training and communication services in the DACH region and France. WEKA’s media-neutral content is distributed via digital, print and face-to-face formats and reaches highly diversified niche markets across all industries (e.g. occupational safety, hazardous goods, law and taxation, dentistry). WEKA Group is based in Kissing, Germany.

Buy -

Seller(S) 1

SELLER

Messer Industries

Bad Soden am Taunus, Germany
Category Company
Sector Chemicals
DESCRIPTION

Messer Industries is a manufacturer and supplier of oxygen, nitrogen, argon, carbon dioxide, hydrogen, helium, inert welding gases, special gases, gases for medicinal use and a wide variety of gas mixtures. Messer Industries is based in Bad Soden am Taunus, Germany.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Air Liquide S.A. - Czech Republic and Slovakia Operations

Prague, Czech Republic

Air Liquide S.A. - Czech Republic and Slovakia Operations provide gases with 53 well-trained, experienced employees. Air Liquide started operating in Slovakia in 2000 and the Czech Republic in 2001 with 53 employees at both locations and offices in Prague and Trnava.

Buy -
Mergr

Product

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