M&A Deal Summary

The Blackstone Group Acquires Ixom

On February 28, 2015, private equity firm The Blackstone Group acquired chemicals company Ixom from Orica for 750M USD

Acquisition Highlights
  • This is The Blackstone Group’s 7th transaction in the Chemicals sector.
  • This is The Blackstone Group’s 111th largest (disclosed) transaction.
  • This is The Blackstone Group’s 2nd transaction in Australia.
Investment Fate
  • Ixom was sold to a publicly-traded strategic buyer in 2018 for 777M AUD.

M&A Deal Summary

Date 2015-02-28
Target Ixom
Sector Chemicals
Buyer(s) The Blackstone Group
Sellers(s) Orica
Deal Type Divestiture
Deal Value 750M USD

Target

Ixom

Victoria, Australia
Ixom is a global chemicals business focused on providing water treatment and chemical distribution services in Australia and New Zealand, with a growing presence in North and South America and Asia.

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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 189 of 336
Sector (Chemicals) 7 of 9
Type (Divestiture) 18 of 33
Country (Australia) 2 of 7
Year (2015) 4 of 18
Size (of disclosed) 111 of 172
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 VTS

New York, New York, United States

VTS is a provider of cloud-based leasing and asset management platform built to provide real-time leasing and asset management data to the top landlords and brokerage firms in the world. VTS was formed in 2010 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Casual Dining Group

London, United Kingdom

Casual Dining Group is an independent restaurant company comprised of over 140 restaurants trading as Bella Italia, Café Rouge, and Las Iguanas. Its restaurants are located across the country, from Aberdeen to Plymouth, employing almost 8000 people and serving 20 million meals each year. Casual Dining was formed in 2002 and is based in London.

Sell -

Seller(S) 1

SELLER

Orica

East Melbourne, Australia

Category Company
Founded 1874
Sector Chemicals
Employees12,500
Revenue 8.0B AUD (2023)
DESCRIPTION

Orica is a provider of commercial explosives and blasting systems to the mining and infrastructure markets, the provider in the provision of ground support in mining and tunneling, and is a supplier of sodium cyanide for gold extraction. Orica was founded in 1874 and is based in East Melbourne, Australia.


DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 2
Type (Divestiture) 1 of 2
Country (Australia) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-30 Strata Control Systems

Smithfield, Australia

Strata Control Systems specializes in products and services designed to prevent and solve mud and fluid losses in oil and gas drilling, and other applications around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 GroundProbe

Windsor, Australia

GroundProbe is a global market leader in the provision of critical monitoring and measurement technologies for the mining sector. Its radar and laser-based monitoring systems, combined with advanced processing and analytic software, provide mining customers with geotechnical slope stability monitoring for improved mine productivity and safety. GroundProbe is based in Windsor, Australia.

Buy AU$205M