M&A Deal Summary

Sinochem International Acquires ELIX Polymers SL

On October 15, 2018, Sinochem International acquired chemicals company ELIX Polymers SL from Sun Capital Partners

Acquisition Highlights
  • This is Sinochem International’s 1st transaction in the Chemicals sector.
  • This is Sinochem International’s 1st transaction in Spain.

M&A Deal Summary

Date 2018-10-15
Target ELIX Polymers SL
Sector Chemicals
Buyer(s) Sinochem International
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition

Target

ELIX Polymers SL

La Canonja, Spain
Elix Polymers SL is a producer of a pre-colored Acrylonitrile-Butadiene-Styrene (“ABS”) and ABS specialty thermoplastic resins which possess high impact and mechanical strength. These plastics are used in the manufacture of high-end consumer goods, consumer electronics, medical devices, and automotive dash-boards.

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Buyer(S) 1

Buyer

Sinochem International

Shanghai, China

Category Company
Sector Chemicals
DESCRIPTION

Sinochem International Corp. is a producer of intermediates and new materials, agrochemicals, polymer additives, and natural rubber. Sinochem International is based in Shanghai, China.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 101 of 131
Sector: Chemicals M&A 5 of 6
Type: Add-on Acquisition M&A Deals 39 of 55
Country: Spain M&A 1 of 2
Year: 2018 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-12 American Golf

Westbrook, United Kingdom

American Golf is a specialist golf retailer in the UK and Europe. It sells a comprehensive range of golf clubs, equipment, shoes and clothing and employs PGA professionals and Master Fitters who provide custom fitting services and specialist in-store advice. American Golf was founded in 1970 and is based in Westbrook, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Unico Technologies Group

Franksville, Wisconsin, United States

Unico Technologies Group designs, engineers and assembles technology-enabled high performance motor control solutions for automation and energy efficiency used in a variety of general industrial applications. Unico Technologies Group is based in Franksville, Wisconsin.

Buy -