M&A Deal Summary

Solutia Acquires Southwall Technologies

On November 28, 2011, Solutia acquired plastics company Southwall Technologies from Needham Capital Partners for 114M USD

Acquisition Highlights
  • This is Solutia’s 1st transaction in the Plastics sector.
  • This is Solutia’s largest (disclosed) transaction.
  • This is Solutia’s 1st transaction in the United States.
  • This is Solutia’s 1st transaction in California.

M&A Deal Summary
Date 2011-11-28
Target Southwall Technologies
Sector Plastics
Buyer(s) Solutia
Sellers(s) Needham Capital Partners
Deal Type Add-on Acquisition
Deal Value 114M USD
Advisor(s) Needham & Co. LLC (Financial)

Target

Southwall Technologies

Palo Alto, California, United States
Southwall Technologies, Inc. Designs and produces thin-film coatings on plastic sheets that selectively absorb, reflect, or transmit heat and light.

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Buyer(S) 1

Buyer

Solutia

St Louis, Missouri, United States
Category Company
Founded 1901
Sector Chemicals
Employees3,400
DESCRIPTION

Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex® polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and VISTASOLAR® ethylene vinyl acetate films for photovoltaic module encapsulation.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-08 Solutia - Flexsys

United States

Solutia, Inc. - Flexsys is a manufacturer and suppler of market leading, differentiated, high-quality rubber chemicals and specialty fluids.

Sell -

Seller(S) 1

SELLER

Needham Capital Partners

New York, New York, United States
Category Private Equity Firm
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Needham Capital Partners is the private equity affiliate of mid-market investment bank Needham & Company. Needham Capital targets investments in clean technology, communications, consumer, financial services, healthcare, semiconductor, enterprise software/storage, networking, and industrial service companies. The Firm prefers to act as the lead investor and has a target investment size of $2 to $10 million. Investment proceeds are typically used to finance growth, or fund management buyouts/recapitalizations. Prospective companies are generally located in the US. Needham Capital Partners is based in New York City, with additional offices in Boston, Menlo Park, and San Francisco.

DEAL STATS #
Overall 50 of 55
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 28 of 31
State (California) 27 of 29
Country (United States) 49 of 54
Year (2011) 3 of 4
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-29 Sensis

Syracuse, New York, United States

Sensis Corp. is a provider of air defense, air traffic control, airline and airport operations management, and data integration and distribution.

Sell $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 ePartners

Irving, Texas, United States

ePartners installs and supports Microsoft-based software for middle-market companies, providing end-user training, annual systems reviews, call center support, on-site support, and technology updates, among other services.

Sell -
Mergr

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