Add-on Acquisition • Manufacturing

Surteco Group Acquires Probos Plasticos SA

On June 26, 2017, Surteco Group acquired manufacturer Probos Plasticos SA from Alantra Private Equity and Dinamia Capital Privado SCR SA for 99M EUR

Acquisition Context
  • This is Surteco Group’s 1st transaction in the Manufacturing sector.
  • This is Surteco Group’s largest (disclosed) transaction.
  • This is Surteco Group’s 1st transaction in Portugal.

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M&A Deal Summary

Date June 26, 2017
Target Probos Plasticos SA
Sector Manufacturing
Buyer(s) Surteco Group
Sellers(s) Alantra Private Equity
Dinamia Capital Privado SCR SA
Deal Type Add-on Acquisition
Deal Value 99M EUR

Target Company

Probos Plasticos SA

Mindelo, Portugal
Probos Plasticos SA is a global manufacturer of thermoplastic edgeband solutions, primarily PVC and ABS plastic edgebandings. Probos Plasticos was formed in 1977 and is based in Mindelo, Portugal.
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Buyer Overview 1

Buyer

Surteco Group

Buttenwiesen, Germany

Category Company
Founded 2007
Sector Manufacturing
Employees3,694
Revenue 857M EUR (2024)
DESCRIPTION

Surteco Group is a manufacturer of decorative surface materials and producer of technical extrusions based on plastics. Surteco Group was founded in 2007 and is based in Buttenwiesen, Germany.


Deal Context for Buyer #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Portugal 1 of 1
Year: 2017 1 of 1
Size (of disclosed) 1 of 1

Seller Profiles 2

SELLER

Alantra Private Equity

Madrid, Spain

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 800M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alantra Private Equity is a private equity firm focused on mid-sized buyout investments in Spain and Portugal. Thematic Investment approach focused in 4 sectors Food & Nutrition, Health & Wellness, Industry and TMT. Alantra Private Equity was formed in 1986 and is based in Madrid.


Deal Context for Seller #
Overall 37 of 40
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 15 of 16
Country: Portugal 1 of 1
Year: 2017 5 of 5
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-16 Flex

Madrid, Spain

Flex is a manufacturer of mattresses, which enjoys a strong brand image (Flex, Vi-Spring) and has a network of more than 140 shops in Spain and the UK. Following a strong international expansion, it now has plants in Spain, Portugal, UK, Cuba, Chile, and Brasil. Flex is based in Madrid, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 MD Moldes

Leiria, Portugal

MD Moldes is a total tool engineering service company, The company have a full compliment of qualified engineers, which include tool designers, product engineers, CAE technician and process. MD Moldes is based in Leiria, Portugal.

Buy -
DESCRIPTION


Deal Context for Seller #
Overall 21 of 21
Sector: Manufacturing 2 of 2
Type: Add-on Acquisition 12 of 12
Country: Portugal 2 of 2
Year: 2017 2 of 2
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-16 BodyBell

Madrid, Spain

Bodybell is the largest independent chain of personal care and beauty retail in Spain. with 240 stores, Bodybell is the a good platform in a sector that continues to present opportunities for consolidation in the medium term.

Sell -