M&A Deal Summary

The Blackstone Group Acquires Cerdia

On December 7, 2016, private equity firm The Blackstone Group acquired chemicals company Cerdia from Solvay for 1.0B EUR

Acquisition Highlights
  • This is The Blackstone Group’s 9th transaction in the Chemicals sector.
  • This is The Blackstone Group’s 87th largest (disclosed) transaction.
  • This is The Blackstone Group’s 3rd transaction in Switzerland.

M&A Deal Summary

Date 2016-12-07
Target Cerdia
Sector Chemicals
Buyer(s) The Blackstone Group
Sellers(s) Solvay
Deal Type Divestiture
Deal Value 1.0B EUR

Target

Cerdia

Basel, Switzerland
Cerdia is a global producer of cellulose acetate, mainly used for cigarette filters. The company is globally the fourth largest producer of filter tow and is, above all, the market leader in which its global production facilities are located. Cerdia is headquartered in Basel, Switzerland.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 213 of 337
Sector (Chemicals) 9 of 9
Type (Divestiture) 21 of 33
Country (Switzerland) 3 of 3
Year (2016) 10 of 10
Size (of disclosed) 87 of 172
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Optiv

Denver, Colorado, United States

Optiv is a provider of end-to-end cybersecurity solutions. The company help clients plan, build and run successful cybersecurity programs that achieve business objectives through depth and breadth of cybersecurity offerings, extensive capabilities and proven expertise in cybersecurity strategy, managed security services, incident response, risk and compliance, security consulting, training, and support, integration, and architecture services, and security technology. Optiv was founded in 2002 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-23 International Tractors

New Delhi City, India

International Tractors is a manufacturer of tractors and agricultural machinery. Established in 1995, International Tractors (ITL) is the flagship company of farm equipment manufacturer Sonalika Group. It produces tractors of up to 90 horsepower under the Sonalika Tractors and Renault Ceres Tractors brands, the latter a result of a joint venture with Renault Agriculture of France.

Sell -

Seller(S) 1

SELLER

Solvay

Brussels, Belgium

Category Company
Founded 1863
Sector Chemicals
Employees9,000
Revenue 6.0B EUR (2023)
DESCRIPTION

Solvay is a chemical company that harnesses the power of chemistry to create innovative, sustainable solutions that answer the world’s most essential needs such as purifying the air we breathe and the water we drink, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. Solvay was founded in 1863 and is based in Brussels, Belgium.


DEAL STATS #
Overall 7 of 10
Sector (Chemicals) 3 of 6
Type (Divestiture) 4 of 7
Country (Switzerland) 1 of 1
Year (2016) 2 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 Solvay Indupa S.A.I.C.

Buenos Aires, Argentina

Solvay Indupa is one of the most important petrochemical companies in MERCOSUR and its main products are PVC (PolyVinyl Chloride) and Sodium Hydroxide. Solvay Indupa is the second largest producer of PVC and the fourth largest caustic soda producer in South America. With 956 employees and two production sites in Argentina and Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 Vinythai Public

Rayong, Thailand

Vinythai Public Co. Ltd. is a sales and manufacturer of chemicals products. Vinythai Public Co. Ltd. was established in 1988 and is headquartered in Rayong, Thailand.

Sell -