M&A Deal Summary

TEL FSI Acquires CARSO Group

On January 12, 2011, TEL FSI acquired chemicals company CARSO Group from 3i Private Equity and Siparex for 130M EUR

Acquisition Highlights
  • This is TEL FSI’s 2nd transaction in the Chemicals sector.
  • This is TEL FSI’s 0th largest (disclosed) transaction.
  • This is TEL FSI’s 1st transaction in France.

M&A Deal Summary
Date 2011-01-12
Target CARSO Group
Sector Chemicals
Buyer(s) TEL FSI
Sellers(s) 3i Private Equity
Siparex
Deal Type Add-on Acquisition
Deal Value 130M EUR
Advisor(s) Daiwa Corporate Advisory Ltd. (DC Advisory) (Financial)

Target

CARSO Group

Lyons, France
Groupe Carso is the French leader in chemical, biological, physical and radioactivity testing services for the food, environmental and residential sectors and the French police department.

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Buyer(S) 1

Buyer

TEL FSI

Chaska, Minnesota, United States
Category Company
Founded 1973
Sector Technology Hardware
Employees354
DESCRIPTION

FSI International is a global supplier of surface conditioning equipment technology and support services for microelectronics manufacturing.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (France) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-12-28 Applied Chemical Solutions

Hollister, California, United States

Applied Chemical Solutions, Inc., is a privately held company headquartered in Hollister, Calif., which develops, markets and services chemical delivery and blending systems, point of use chemical generation systems

Buy -

Seller(S) 2

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.

DEAL STATS #
Overall 115 of 194
Sector (Chemicals) 2 of 5
Type (Add-on Acquisition) 34 of 61
Country (France) 13 of 20
Year (2011) 1 of 14
Size (of disclosed) 48 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-04 AMOR

Obertshausen, Germany

AMOR is a wholesaler and in-store retailer of jewellery. AMOR sources, distributes, and supplies precious metal and non-precious metal jewellery to large-scale retail outlets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-09 Butterfield Fulcrum Group

Hamilton, Bermuda

Butterfield Fulcrum is one of the largest independent global fund administrators, serving hedge funds, fund of funds, private equity funds, real estate and institutional investment management clients.

Sell -
SELLER

Siparex

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Siparex is a French private equity firm that looks to invest mezzanine or equity capital in companies at all stages of development. The Firm separates its investment activity into mid-market, mezzanine, and small-cap. Within mid-market, Siparex looks to invest €2.5 to €40 million in companies with at least €15 million in sales. Prospective transaction situations include buyouts, shareholder liquidity events, and growth capital financings. The Firm will consider all business sectors. Within its mezzanine group, Siparex looks to invest €2 to €10 million to support growth, acquisitions, refinancings, and restructurings. The small-cap group seeks investments starting at €300K in early-stage companies as well as those undergoing expansion or being sold. Siparex was formed in 1977 and is based in Paris.

DEAL STATS #
Overall 3 of 23
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 1 of 5
Country (France) 3 of 21
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Sergent Major SAS

Montreuil, France

Sergent Major SAS is a children apparel and puericulture products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 Ausy SA

Sevres, France

Ausy SA is a provider of IT and consultancy services in outsourced R&D. Ausy was founded in 1989 and is based in Sevres, France.

Buy -
Mergr

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