M&A Deal Summary

PPG Acquires Deutek SA

On November 1, 2016, PPG acquired chemicals company Deutek SA from Axxess Capital

Acquisition Highlights
  • This is PPG’s 23rd transaction in the Chemicals sector.
  • This is PPG’s 1st transaction in Romania.

M&A Deal Summary

Date 2016-11-01
Target Deutek SA
Sector Chemicals
Buyer(s) PPG
Sellers(s) Axxess Capital
Deal Type Add-on Acquisition

Target

Deutek SA

Bucharest, Romania
Deutek SA is a manufacturer and marketer of a large portfolio of well-known professional and consumer paint brands, including OSKAR and Danke!. The company’s products are sold in more than 120 do-it-yourself stores and 3,500 independent retail outlets in Romania.

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Buyer(S) 1

Buyer

PPG

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1883
Sector Chemicals
Employees50,000
Revenue 18.2B USD (2023)
DESCRIPTION
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.

PPG manufactures and distributes a broad range of coatings, specialty materials and glass products. PPG was formed in 1883 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 29 of 44
Sector (Chemicals) 23 of 35
Type (Add-on Acquisition) 22 of 35
Country (Romania) 1 of 1
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 PPG - Flat Glass & Glass Coatings Operations

Pittsburgh, Pennsylvania, United States

PPG manufacturing and glass coatings operations, including production sites located in Fresno, California; Salem, Oregon; Carlisle, Pennsylvania; and Wichita Falls, Texas; four distribution/fabrication facilities located across Canada; and a research-and-development center located in Harmar, Pennsylvania, near Pittsburgh. PPG’s flat glass business includes approximately 1,200 employees. The business manufactures glass that is fabricated into products used primarily in commercial and residential construction.

Sell $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-20 Futian Xinshi

China

Futian Xinshi is an automotive refinish coatings company. Futian distributes its products in China through a network of more than 200 distributors.

Buy -

Seller(S) 1

SELLER

Axxess Capital

Bucharest, Romania

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Axxess Capital is an Eastern European private equity manager focused on investing in Romania and Bulgaria. Axxess looks to commit €5 to €15 million per transaction and targets investments in industry-leading, growth-oriented companies with positive cash-flows. Broad areas of interest include business services, consumer services, and consumer products. Axxess Capital was formed in 1995 and is based in Bucharest, Romania.


DEAL STATS #
Overall 10 of 11
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 6 of 6
Country (Romania) 8 of 9
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 Noriel

Bucharest, Romania

Noriel is the toys and games distributor and cardboard games producer in Romania that recently entered into specialized toys and games retail. Noriel was founded in 1993 and is based in Bucharest, Romania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Bitdefender

Bucharest, Romania

Bitdefender is a security technology company that provides cutting-edge end-to-end cyber security solutions and advanced threat protection to more than 500 million users in more than 150 countries. The Company offers an extensive portfolio of award-winning security solutions for both consumers and corporate users, recognized for their superior protection capabilities by amongst others Gartner, Frost&Sullivan and AV-Comparatives. Bitdefender was formed in 2001 and is based in Bucharest, Romania. Bucharest, Sector 6, Șos. Orchids, no. 15A, Orhideea Towers Building, floors 9-12,

Sell -