M&A Deal Summary

The Carlyle Group Acquires Altadia Group

On December 17, 2021, private equity firm The Carlyle Group acquired chemicals company Altadia Group from Lone Star Funds

Acquisition Highlights
  • This is The Carlyle Group’s 13th transaction in the Chemicals sector.
  • This is The Carlyle Group’s 12th transaction in Spain.

M&A Deal Summary
Date 2021-12-17
Target Altadia Group
Sector Chemicals
Buyer(s) The Carlyle Group
Sellers(s) Lone Star Funds
Deal Type Secondary Buyout

Target

Altadia Group

Castellón, Spain
Altadia is a manufacturer of intermediate products for the production of ceramic tiles. Altadia employs people across 19 countries with a global manufacturing footprint consisting of 32 production plants and 19 distribution centers. Altadia is based in Castellón, Spain.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 714 of 744
Sector (Chemicals) 13 of 13
Type (Secondary Buyout) 120 of 130
Country (Spain) 12 of 13
Year (2021) 27 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 SolAero

Albuquerque, New Mexico, United States

SolAero is a manufacturer of highly efficient, radiation-hard solar cells, Coverglass Interconnected Cells (CICs), and solar panels for space power applications. Since 2001, SolAero products have powered 160 successful space missions with zero on-orbit failures. SolAero Technologies was founded in 1998 and is based in Albuquerque, New Mexico.

Sell $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 ark data centers

Cedar Rapids, Iowa, United States

ark data centers builds, owns, and operates multi-tenant data centers providing related cloud, technical and managed technical services, allowing clients to focus on their core business. ark data centers was founded in 2007 and is based in Cedar Rapids, Iowa.

Buy -

Seller(S) 1

SELLER

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 85.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.

DEAL STATS #
Overall 15 of 17
Sector (Chemicals) 3 of 4
Type (Secondary Buyout) 9 of 9
Country (Spain) 1 of 1
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 SPX FLOW

Charlotte, North Carolina, United States

SPX FLOW solves processing challenges, helping customers lower costs, increase uptime, save energy, reduce waste, and improve quality. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities that are integral to processes performed across a wide variety of nutrition, health, and precision solutions markets. SPX FLOW was founded in 2015 and is based in Charlotte, North Carolina.

Buy $3.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-14 Manuchar

Merksem, Belgium

Manuchar is a distributor of chemical products in emerging markets and handles over 5 million metric tonnes of goods per year. The company complements its chemicals distribution activities with international trade services in steel, polymers, and other raw materials. Manuchar's end-to-end chemical distribution business serves various industries, including home care, personal care, food & feed, agriculture, mining, oil & gas, glass, textiles, paper, and water treatment. Its international trade activities cover steel, plastics, cement, wood, paper, spare parts, and pharmaceuticals. Manuchar is based in Merksem, Belgium.

Buy -
Mergr

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