M&A Deal Summary

Petroliam Nasional Berhad Acquires Perstorp

On May 17, 2022, Petroliam Nasional Berhad acquired chemicals company Perstorp from PAI Partners and Landmark Partners for 2.3B EUR

Acquisition Highlights
  • This is Petroliam Nasional Berhad’s 2nd transaction in the Chemicals sector.
  • This is Petroliam Nasional Berhad’s 0th largest (disclosed) transaction.
  • This is Petroliam Nasional Berhad’s 1st transaction in Sweden.

M&A Deal Summary

Date 2022-05-17
Target Perstorp
Sector Chemicals
Buyer(s) Petroliam Nasional Berhad
Sellers(s) PAI Partners
Landmark Partners
Deal Type Add-on Acquisition
Deal Value 2.3B EUR

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.

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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 3
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Sweden) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 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.

Buy €163M

Seller(S) 2

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B 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 48 of 50
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 17 of 18
Country (Sweden) 3 of 3
Year (2022) 2 of 2
Size (of disclosed) 4 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-30 HKA

Warrington, United Kingdom

HKA is a global consultancy in risk mitigation and dispute resolution, using our multi-disciplinary expertise to provide a comprehensive set of specialist services. HKA was formed in 2016 and is based in Warrington, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 NovaTaste

Salzburg, Austria

NovaTaste provides a range of value-add savoury ingredients and blends, most notably under the Wiberg and Piasa brands. NovaTaste is based in Salzburg, Austria.

Buy $900M
SELLER

Landmark Partners


Category Secondary Investor
Founded 1989
PE ASSETS 15.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Landmark Partners is now a part of Ares Management Corporation.


DEAL STATS #
Overall 5 of 5
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Sweden) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Education of America

Birmingham, Alabama, United States

Education Corporation of America, Inc. is an operator of post-secondary schools. Education Corporation of America is the holding company of Virginia College is a for-profit, nationally accredited post-secondary education provider to approximately 18,000 students. Virginia College has a presence in 25 markets and the Internet.

Sell -