M&A Deal Summary

Promens AS Acquires Polimoon AS

On December 19, 2006, Promens AS acquired plastics company Polimoon AS from CVC Capital Partners

Acquisition Highlights
  • This is Promens AS’s 1st transaction in the Plastics sector.
  • This is Promens AS’s 1st transaction in Norway.

M&A Deal Summary

Date 2006-12-19
Target Polimoon AS
Sector Plastics
Buyer(s) Promens AS
Sellers(s) CVC Capital Partners
Deal Type Add-on Acquisition

Target

Polimoon AS

Oslo, Norway
Polimoon is a manufacturer of plastic products, with a focus on industrial and consumer packaging, pharmaceutical packaging and components primarily for the automotive and truck industries.

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Buyer(S) 1

Buyer

Promens AS

Boks, Norway

Category Company
Founded 1998
Sector Packaging
Employees3,806
DESCRIPTION

Promens supplies consumer and industrial packaging, as well as various components to the agricultural industry and other industries that serve it.


DEAL STATS #
Overall 1 of 1
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 57 of 181
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 22 of 69
Country: Norway M&A 2 of 2
Year: 2006 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-19 Armacell

Capellen, Luxembourg

Armacell is a manufacturer of thermal & acoustic elastomeric insulation materials and PET Core Foams. The company manufactures advanced engineered foams that are applied in a wide range of technical applications, including commercial and residential building equipment, as well as equipment and solutions for the wind power, energy, industrials, transport, and sports & leisure sectors. Armacell was formed in 1860 and is based in Capellen, Luxembourg.

Sell €400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 EET International

Birkerod, Denmark

EET International is a value-adding niche IT distributor, providing suppliers and customers with expert industry knowledge, intelligent logistics solutions, unique sales service, and smart marketing tools. EET International was founded in 1986 and is based in Birkerod, Denmark.

Sell -