M&A Deal Summary

Straco Acquires EcoChem

On March 3, 2022, private equity real estate Straco acquired chemicals company EcoChem from GIMV

Acquisition Highlights
  • This is Straco’s 1st transaction in the Chemicals sector.
  • This is Straco’s 3rd transaction in Belgium.

M&A Deal Summary

Date 2022-03-03
Target EcoChem
Sector Chemicals
Buyer(s) Straco
Sellers(s) GIMV
Deal Type Secondary Buyout

Target

EcoChem

Olen, Belgium
EcoChem is a formulator and distributor of flame retardant products. EcoChem is based in Olen, Belguim.

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Buyer(S) 1

DESCRIPTION

Straco is a diversified investment group focused on real estate and private equity investing. The Firm's real estate group looks to acquire prime retail shops and semi-industrial buildings as well as invest in new real estate projects. The Firm's private equity group looks to provide equity and subordinated debt capital to companies operating in traditional industries. Straco prefers opportunities throughout Belgium, The Netherlands, The UK, Luxembourg, France and Germany. Straco was formed in 1986 and is headquartered in Gent, Belgium.


DEAL STATS #
Overall 4 of 6
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: Belgium M&A 3 of 3
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Agaris

Ghent, Belgium

Agaris is a supplier of substrates, soil covers and soil improvers for ornamental plant cultivation and mushrooms, vegetables and fruit. Agaris is based in Ghent, Belgium.

Buy €120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 LPC

Etten-Leur, Netherlands

LPC is a fast-growing group active in staffing international flex workers and is specialised in amongst others the food, logistics, e-commerce and technical industries. LPC is based in Etten-Leur, Netherlands.

Buy -

Seller(S) 1

SELLER

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 96 of 111
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 25 of 30
Country: Belgium M&A 34 of 35
Year: 2022 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 GSDI

Massy, France

GSDI specialises in surface treatment and installation of technical adhesive films. GSDI offers complete solutions for renovation, thermal comfort, protection, and decoration to its customers, who are present in the railway, building, and food sectors. GSDI was founded in 1993 and is based in Massy, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 Wolf Lingerie

La Wantzenau, France

Wolf Lingerie is a manufacturer of lingerie products for women in France and internationally. Wolf Lingerie was founded in 1947 and is based in La Wantzenau, France.

Sell -