M&A Deal Summary

Spell Capital Partners Acquires DuroColour

On July 1, 2021, private equity firm Spell Capital Partners acquired chemicals company DuroColour

Acquisition Highlights
  • This is Spell Capital Partners’ 3rd transaction in the Chemicals sector.
  • This is Spell Capital Partners’ 1st transaction in Vietnam.

M&A Deal Summary

Date 2021-07-01
Target DuroColour
Sector Chemicals
Buyer(s) Spell Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

DuroColour

Long Thành, Vietnam
DuroColour is a regional manufacturer of color and additive masterbatches. They provide masterbatch colorants for many market segments including automotive, textiles and construction. DuroColour is based in Long Thành, Vietnam.

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Buyer(S) 1

Buyer

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 51 of 53
Sector (Chemicals) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 24 of 26
Country (Vietnam) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Duromer Products

Prestons, Australia

Duromer Products is a producer and supplier of thermoplastic polymers and compounds to the plastic industry. They produce a wide variety of customized thermoplastic compounds in both engineering and polyolefin base materials. Duromer Products was founded in 1988 and is based in Prestons, New South Wales.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Diamond Graphics

Ramsey, Minnesota, United States

Diamond Graphics is the go-to expert in Total Solution Gift Card Manufacturing. Diamond’s diverse range of in-house capabilities, combined with their overall experience and expertise, allows them to support any type of card production, personalization, digital printing, and other card packaging needs. Diamond Graphics is based in Ramsey, Minnesota.

Buy -