M&A Deal Summary

Reedcapital and EIM Capital Acquire Omniplast

On June 14, 2019, private equity firms Reedcapital and EIM Capital acquired plastics company Omniplast from OpenGate Capital

Acquisition Highlights
  • This is Reedcapital’s 1st and EIM Capital’s 1st transaction in the Plastics sector.
  • This is Reedcapital’s 1st and EIM Capital’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2019-06-14
Target Omniplast
Sector Plastics
Buyer(s) Reedcapital
EIM Capital
Sellers(s) OpenGate Capital
Deal Type Secondary Buyout

Target

Omniplast

Veghel, Netherlands
Omniplast produces and distributes pressure and non-pressure PVC piping systems for the transportation of gases and fluids. Omniplast's plastic pipes are mainly used for the transport of water, liquids and energy. Omniplast was founded in 1969 and is based in Veghel, Netherlands.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

DESCRIPTION

Reedcapital is a private equity firm focused on long-term investments in European lower-middle market companies with growth potential. The Firm considers corporate divestitures, carve-outs, and underperforming businesses with revenues between €10 and €100 million. Reedcapital is industry agnostic, but seeks companies in niche markets with barriers to entry, recurring revenue, and optimization opportunities. Reedcapital was founded in 2016 and is headquartered in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector: Plastics M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2019 M&A 1 of 1
DESCRIPTION

EIM Capital is a private equity firm that targets lower middle-market businesses seeking a partner to help with transformation and change. The Firm will consider opportunities throughout Europe with a focus on companies operating in the industrials, chemicals, consumer products, or consumer services sectors. EIM Capital is based in Paris, France.


DEAL STATS #
Overall 2 of 5
Sector: Plastics M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Citygie

Auvergne-Rhone-Alpes, France

Citygie is the new brand that brings together Francioli, specialized in the design and manufacture of public toilets, Bihr, a reference for containers and Protecsan, a maintenance partner. Citygie is the specialist in the off-site manufacture of technical concrete installations with high added value, to meet the needs of communities. Citygie was founded in 2019 and is based in Auvergne-Rhone-Alpes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 HPI Industrial

Chennevieres-sur-Marne, France

HPI Industrial is a manufacturer of pumps and valves used in a variety of industries, including material handling, aerospace, agriculture, healthcare. HPI Industrial was founded in 1966 and is based in Chennevieres-sur-Marne, France.

Buy -

Seller(S) 1

SELLER

OpenGate Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.


DEAL STATS #
Overall 19 of 34
Sector: Plastics M&A 3 of 3
Type: Secondary Buyout M&A Deals 6 of 9
Country: Netherlands M&A 1 of 1
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 SMAC

Issy-les-Moulineaux, France

SMAC is a provider of waterproofing and building envelope solutions. SMAC has a dedicated service and maintenance business, SMAC Assistance Service, and Essemes Services, focused on fire safety maintenance. SMAC was founded in 1884 and is based in Issy-les-Moulineaux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 Duraco

Forest Park, Illinois, United States

Duraco is a B2B manufacturer of specialty tapes, which are sold into highly attractive end markets including Point-of-Purchase displays, appliances, transit packaging, construction, signage, and HVAC. Duraco’s application-specific tapes are strong alternatives to mechanical fasteners and traditional glues offering longevity, strength, efficiencies in customer’s assembly operations and breadth of substrates. Duraco’s customer service team will continue to offer their expertise to customers determining which products are ideal for their applications. With a highly diversified customer base, Duraco maintains loyal relationships for over 40 years and is continuously growing with over 6,800 customers in 2018. Duraco was founded in 1947 and is based in Forest Park, Illinois.

Buy $77M