M&A Deal Summary

SigmaKalon Group BV Acquires Primalex

On June 16, 2004, SigmaKalon Group BV acquired manufacturer Primalex from The Riverside Company for 24M USD

Acquisition Highlights
  • This is SigmaKalon Group BV’s 1st transaction in the Manufacturing sector.
  • This is SigmaKalon Group BV’s largest (disclosed) transaction.
  • This is SigmaKalon Group BV’s 1st transaction in Czech Republic.

M&A Deal Summary

Date 2004-06-16
Target Primalex
Sector Manufacturing
Buyer(s) SigmaKalon Group BV
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

Primalex

Brasy, Czech Republic
Primalex produces interior and exterior wall paints. The company, through its strong brand recognition, is the market share leader in the Czech and Slovak architecture paints market.

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Buyer(S) 1

Buyer

SigmaKalon Group BV

Uithoorn, Netherlands

Category Company
Sector Chemicals
DESCRIPTION

SigmaKalon is a global producer of architectural, protective, marine and industrial coatings, and a leading coatings supplier in many parts of Europe and other key national markets across the globe, with an increasing presence in Africa and Asia. SigmaKalon sells architectural coatings directly to professional painters via a network of service centers, and it maintains a network of approximately 500 company-owned stores and approximately 3,000 independent wholesalers that give it direct access to customers.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Czech Republic) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 8 of 191
Sector (Manufacturing) 2 of 14
Type (Add-on Acquisition) 5 of 82
Country (Czech Republic) 2 of 5
Year (2004) 3 of 5
Size (of disclosed) 20 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 DHD Healthcare

Canastota, New York, United States

DHD Healthcare is now part of its acquiring firm, Smith Medical. DHD Healthcare developed, manufactured and marketed plastic devices for respiratory therapy, including incentive spirometers and positive airway pressure devices.

Sell $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 Vitex Packaging Group

Suffolk, Virginia, United States

Vitex Packaging Group is a manufacturer of flexible packaging for the consumer and medical-product industries. Vitex is a supplier of tea-bag envelopes and tags.

Sell -