M&A Deal Summary

Smit & Zoon Acquires Codyeco

On November 2, 2017, Smit & Zoon acquired chemicals company Codyeco from Star Capital

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

M&A Deal Summary

Date 2017-11-02
Target Codyeco
Sector Chemicals
Buyer(s) Smit & Zoon
Sellers(s) Star Capital
Deal Type Add-on Acquisition

Target

Codyeco

Santa Croce sull'Arno, Italy
Codyeco S.p.A. is a manufacturer of quality chemicals used in all stages of the natural leather tanning process, mainly for high-end shoes, bags, and clothes. Codyeco was established in 1976 and is based in Santa Croce sull'Arno, Italy.

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Buyer(S) 1

Buyer

Smit & Zoon

Weesp, Netherlands

Category Company
Founded 1821
Sector Chemicals
DESCRIPTION

Handelmaatschappij A. Smit and Zoon B.V. is a provider of wet-end auxiliaries, fatliquors, syntans, dyes and finishing chemicals. Smit & Zoon was established in 1821 and is based in Weesp, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Star Capital

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2000
PE ASSETS 401M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Star Capital is a private equity firm focused on lower middle-market acquisitions of Italian companies. The Firm targets profitable businesses with €15 to €50 million of EBITDA and €3 to €10 million of revenue. Star Capital is a generalist investor, however the Firm will not consider early-stage or distressed companies. Star Capital was formed in 2000 and is headquartered in Milan.


DEAL STATS #
Overall 8 of 11
Sector: Chemicals M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 6
Country: Italy M&A 7 of 10
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Capello Point

Milan, Italy

Capello Point is an online retailer of professional hair and beauty products. Capello Point was established in 2000 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 SNG Group

Milan, Italy

SNG Group wants to focus its resources investing in growing of Italian companies with a strong creative and artisanal content, creating a network of research, experimentation and service .for the main “Maisons” of international luxury. SNG Group is based in Milan, Italy.

Buy -