Add-on Acquisition • Chemicals

Samyang Acquires Verdant

On December 18, 2023, Samyang acquired chemicals company Verdant from OpenGate Capital for 250M USD

Acquisition Context
  • This is Samyang’s 1st transaction in the Chemicals sector.
  • This is Samyang’s largest (disclosed) transaction.
  • This is Samyang’s 1st transaction in the United States.
  • This is Samyang’s 1st transaction in Texas.

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M&A Deal Summary

Date December 18, 2023
Target Verdant
Sector Chemicals
Buyer(s) Samyang
Sellers(s) OpenGate Capital
Deal Type Add-on Acquisition
Deal Value 250M USD

Target Company

Verdant

Houston, Texas, United States
Verdant is a global specialty chemical company that supports human well-being through the power of science and nature. Verdant is based in Houston, Texas.
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Buyer Overview 1

Buyer

Samyang

Seoul, South Korea

Category Company
Founded 1924
Sector Diversified
Revenue 3.55T KRW (2024)
DESCRIPTION

Samyang global conglomerate comprising of chemicals, bio-pharmaceuticals, food ingredients and beverage packaging businesses.Samyang was founded in 1924 and is based in Seoul, South Korea.


Deal Context for Buyer #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 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 Context for Seller #
Overall 29 of 36
Sector: Chemicals 4 of 4
Type: Add-on Acquisition 13 of 17
State: Texas 1 of 1
Country: United States 12 of 14
Year: 2023 3 of 4
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-22 Player One Amusement Group

Mississauga, Ontario, Canada

Player One Amusement Group provides amusement gaming equipment and outsourced operations and maintenance support to customers seeking to drive superior location profitability and create a best-in-class consumer experience. Player One Amusement Group is based in Mississauga, Ontario.

Buy CA$155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-25 Alfatherm

Gorla Minore, Italy

Alfatherm is a producer of PVC film and sheets. It offers rigid, flexible, stretched, semi rigid, plasticized, expanded, and flocked film. Alfatherm was founded in 1963 and is based in Gorla Minore, Italy.

Sell -