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M&A Deal Summary

Petroliam Nasional Berhad Acquires Da Vinci Group B.V.

On May 16, 2019, Petroliam Nasional Berhad acquired chemicals company Da Vinci Group B.V. from Bencis for 163M EUR

Acquisition Highlights
  • This is Petroliam Nasional Berhad’s 1st transaction in the Chemicals sector.
  • This is Petroliam Nasional Berhad’s 4th largest (disclosed) transaction.
  • This is Petroliam Nasional Berhad’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2019-05-16
Target Da Vinci Group B.V.
Sector Chemicals
Buyer(s) Petroliam Nasional Berhad
Sellers(s) Bencis
Deal Type Add-on Acquisition
Deal Value 163M EUR

Target

Da Vinci Group B.V.

Ittervoort, Netherlands
Da Vinci Group B.V. is a private limited liability company, incorporated in the Netherlands with global operations involving own-brand reselling, formulating and manufacturing of silicones, lube oil additives, and chemicals.

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Buyer(S) 1

Buyer

Petroliam Nasional Berhad

Kuala Lumpur, Malaysia
Category Company
Founded 1974
Sector Oil/Gas Exploration
Employees49,193
DESCRIPTION

PETRONAS has been actively involved in the development of the petroleum industry, Company redefine the future of energy with innovative approaches to technology and engineering in order to maximise and deliver sustainable energy for tomorrow.

DEAL STATS #
Overall 3 of 4
Sector: Chemicals M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Netherlands M&A 1 of 1
Year: 2019 M&A 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 Amplus Energy Solutions

Gurgaon, India

Amplus Energy Solutions is an opertor of rooftop solar power projects. Amplus Energy Solutions is based in Gurugram, Haryana.

Buy $389M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 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.

Buy €2.3B

Seller(S) 1

SELLER

Bencis

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.9B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Bencis is an independent private equity firm focused on investments in profitable, established companies headquartered throughout Western Europe. Target businesses typically generate sales of €25 to €500 million and operate in the industrial/manufacturing, food/beverages, logistics/distribution, chemicals, automotive, leisure, media, services, utilities and retail industries. Bencis was formed in 1999 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 28 of 36
Sector: Chemicals M&A 3 of 3
Type: Add-on Acquisition M&A Deals 11 of 14
Country: Netherlands M&A 25 of 30
Year: 2019 M&A 2 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Samenwerkende Kinderopvang

Hague, Netherlands

Samenwerkende Kinderopvang provides childcare services consisting of daycare, before/ after school care, playgroups and childminder agencies. Samenwerkende Kinderopvang is based in Hague, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Gebhardt-Stahl

Werl, Germany

Gebhardt-Stahl develops and produces steel reinforcement sections for the PVC frames industry as well as profiles and accessories for the HVAC industry. Gebhardt-Stahl was formed in 1973 and is based in Werl, Germany.

Buy -
Mergr

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