M&A Deal Summary

Permira Acquires Arysta LifeScience

On October 22, 2007, private equity firm Permira acquired agriculture company Arysta LifeScience from Olympus Capital Holdings Asia for 2.2B USD

Acquisition Highlights
  • This is Permira’s 1st transaction in the Agriculture sector.
  • This is Permira’s 18th largest (disclosed) transaction.
  • This is Permira’s 1st transaction in Japan.
Investment Fate
  • Arysta LifeScience was sold to a publicly-traded strategic buyer in 2014 for 3.5B USD.
  • Arysta LifeScience was divested to a consortium of strategic buyers in 2018 for 4.2B USD.

M&A Deal Summary

Date 2007-10-22
Target Arysta LifeScience
Sector Agriculture
Buyer(s) Permira
Sellers(s) Olympus Capital Holdings Asia
Deal Type Secondary Buyout
Deal Value 2.2B USD
Advisor(s) Goldman Sachs
Lehman Brothers, Inc. (Financial)
Freshfields Bruckhaus Deringer (Legal)

Target

Arysta LifeScience

Chuo-Ku, Japan
Arysta LifeScience is an agrochemicals and pharmaceuticals company that produces a range of insecticides, fungicides and herbicides as well as a number of products for the healthcare and veterinary medicine markets. Arysta LifeScience was founded in 2001 and is based in Chuo-Ku, Japan.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 65 of 160
Sector (Agriculture) 1 of 2
Type (Secondary Buyout) 5 of 43
Country (Japan) 1 of 2
Year (2007) 6 of 6
Size (of disclosed) 18 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-12 Principal Hayley Hotels

Harrogate, United Kingdom

Principal Hotels is a four star hotel chain comprising six hotels, including The Russell (London) and The George (Edinburgh), which compete in the upper mid-market segment of the UK hotel market and have an established presence in the residential conference market.In September 2006, the Permira Funds invested in Venice Luxco Sarl to support the EUR468.9 million management buyout of Principal Hotels. The hotels, which operate throughout the UK, are prominently located in key regional markets and benefit from strong corporate and leisure demand.The strategy developed by the management team will focus on strengthening the company?s position in the residential conference market in the UK, repositioning newly refurbished assets and pursuing improvements in select hotels. Further conference rooms, bedrooms and leisure facilities will be added to the properties where there is sufficient demand. Management are identifying suitable add-on acquisitions in the upscale hotel market in the UK and Europe, with the goal of enhancing and diversifying the existing hotel portfolio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-15 Aearo Technologies

Indianapolis, Indiana, United States

Aearo is a global leader in the hearing, eye, face, head and respiratory protection segments of the global personal protection equipment market. Aearo manufactures and sells hearing protection devices, communication headsets, prescription and non-prescription safety eyewear, face shields, reusable and disposable respirators, fall protection equipment, hard hats and first aid kits in more than 70 countries.

Sell $1.2B

Seller(S) 1

SELLER

Olympus Capital Holdings Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Olympus Capital Holdings Asia Limited is a private equity firm that targets investments throughout Asia, including Japan, Korea, India and Greater China. Target industries include agribusiness/food, business services, environmental services/alternative energy, financial services, manufacturing and natural resources. Olympus Capital was formed in 1997 and has offices in Hong Kong, New York, Seoul, Shanghai, New Delhi, and Tokyo.


DEAL STATS #
Overall 1 of 5
Sector (Agriculture) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (Japan) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-10 Kyoto Kimono Yuzen

Tokyo, Japan

Kyoto Kimono Yuzen Co., Ltd. is a leading specialty retailer engaged in the sale and rental of general kimonos and furisode (a formal long-sleeved kimono for young women turning 20), as well as related merchandise such as general drapery and jewelry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-10 Mediatti Communications

Tokyo, Japan

Mediatti Communications, Inc. was formerly a cable multiple system operator (MSO), comprised of seven independent system operators with over one million homes in its franchise areas, before it merged with Jupiter Telecommunications Co (J-COM) in April 2009. In addition to traditional video services, Mediatti also offered broadband Internet and VoIP services through its cable networks. The Company was initially established as a joint venture between an investor group led by Olympus Capital Asia and Tomen Corporation, a Japanese trading company.

Sell -