M&A Deal Summary

Reichhold Acquires Polynt

On May 19, 2017, Reichhold acquired chemicals company Polynt from Emisys Capital SGRpA, HarbourVest Partners and ATP Private Equity Partners

Acquisition Highlights
  • This is Reichhold’s 1st transaction in the Chemicals sector.
  • This is Reichhold’s 1st transaction in Italy.

M&A Deal Summary

Date 2017-05-19
Target Polynt
Sector Chemicals
Buyer(s) Reichhold
Sellers(s) Emisys Capital SGRpA
HarbourVest Partners
ATP Private Equity Partners
Deal Type Merger

Target

Polynt

Scanzorosciate, Italy
Polynt engages in the research and development, manufacture, and sale of specific polymer chemical intermediates, catalysts, and compounds. Polynt was founded in 1955 and is based in Scanzorosciate, Italy.

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Buyer(S) 1

Buyer

Reichhold

Durham, North Carolina, United States

Category Company
Founded 1927
Sector Chemicals
DESCRIPTION

Reichhold is a supplier of unsaturated polyester resins for composites and a leading supplier of coating resins for a wide variety of markets and applications. Reichhold was founded in 1927 and is based in Durham, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Merger) 1 of 1
Country (Italy) 1 of 1
Year (2017) 1 of 1

Seller(S) 3

SELLER

Emisys Capital SGRpA

Milan, Italy

Category Mezzanine Finance Firm
Founded 2013
PE ASSETS 130M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

AF Mezzanine is a provider of junior capital to support leveraged buyouts, growth capital financings, as well as recapitalizations. AF generally focuses on mid-sized companies with sales of €50 to €500 million. AF does have any sector preferences, however the Firm prefers stable businesses with predictable cash-flows. The Firm's target investment size is €4 to €20 million. AF will not invest in start-ups or turnaround situations. AF Mezzanine is controlled by financial group Fineurop and is based in Milan.


DEAL STATS #
Overall 12 of 14
Sector (Chemicals) 1 of 1
Type (Merger) 1 of 1
Country (Italy) 7 of 9
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 Metroweb

Milan, Italy

Metroweb S.p.A. is a fiber optic network operator. Metroweb owns and operates a widely distributed fibre optics network in the Milan metropolitan area as well as in other selected areas of Northern Italy.

Sell €714M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-28 Emmeti

Montecchio Emilia, Italy

Emmeti SpA is an Italian producer of energy-efficient heating, sanitary water distribution, thermo-hydraulic, and air conditioning systems for civil use. Emmeti was formed in 1982 and is based in Montecchio Emilia, Italy.

Sell -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 84 of 132
Sector (Chemicals) 3 of 3
Type (Merger) 2 of 6
Country (Italy) 2 of 2
Year (2017) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Securus Technologies

Dallas, Texas, United States

Securus Technologies is a provider of specialized telecommunications products and services, including security-enhanced call processing, call validation and billing for the corrections communications marketplace. Securus Technologies was founded in 1986 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Curia

Albany, New York, United States

Curia is a provider of global contract research and manufacturing services to the pharmaceutical and biotechnology industries. The company's services include drug discovery, such as medicinal chemistry, discovery biology, and in vitro ADME, development, such as pre-formulation, formulation and validation and manufacturing, such as CGMP API manufacturing. Curia was founded in 1991 and is based in Albany, New York.

Buy -
SELLER

ATP Private Equity Partners


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


DEAL STATS #
Overall 17 of 33
Sector (Chemicals) 1 of 1
Type (Merger) 2 of 3
Country (Italy) 2 of 2
Year (2017) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 MTD

Lombardy, Italy

MTD is a medical technology group that designs, manufactures, and provides a comprehensive range of medical devices for self-care and professional use worldwide. MTD is based in Lombardy, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Lindorff

Oslo, Norway

Lindorff is a full-service European credit management service provider. The company offers information services, payment services, invoicing services, debt collection, and debt purchase. Lindorff was founded in 1898 and is based in Oslo, Norway.

Sell -