M&A Deal Summary

The Linde Group Acquires Ceylon Oxygen

On October 16, 2010, The Linde Group acquired chemicals company Ceylon Oxygen from Actis Capital

Acquisition Highlights
  • This is The Linde Group’s 2nd transaction in the Chemicals sector.
  • This is The Linde Group’s 1st transaction in Sri Lanka.

M&A Deal Summary

Date 2010-10-16
Target Ceylon Oxygen
Sector Chemicals
Buyer(s) The Linde Group
Sellers(s) Actis Capital
Deal Type Add-on Acquisition

Target

Ceylon Oxygen

Colombo, Sri Lanka
Ceylon Oxygen Ltd. is a manufacturer of industrial and medical gases with a market share in excess of 80%. Its primary products are oxygen, nitrogen, argon, acetylene, carbon dioxide and dry ice.

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Buyer(S) 1

Buyer

The Linde Group


Category Company
Founded 1879
Sector Engineering
DESCRIPTION

The Linde Group, registered as Linde AG is a multinational industrial gases and engineering company founded in Germany in 1879. It is the world's largest industrial gas company by market share as well as revenue.


DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Sri Lanka M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-14 Environmental Management

O'Fallon,, Missouri, United States

Environmental Management Corp. provides integrated solutions for water, wastewater, and other related assets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 Chemogas NV

Grimbergen, Belgium

Chemogas NV is a provider of packaged chemical gases and related services. Chemogas also supplies natural refrigerant gases (like ammonia and propylene) and other specialty gases. Chemogas NV is one of the premier global providers of packaged Ethylene oxide to the medical sterilization industry, with exports to more than 70 countries.

Sell -

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 25 of 92
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 46
Country: Sri Lanka M&A 2 of 3
Year: 2010 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-08 Vlisco Group

Ghana

Vlisco Group is an old-fashioned fabric business that contributes to multiple West African economies with diverse brands ranging from luxury, Vlisco; through its mid-tier business Uniwax; to contemporary, GTP, and Woodin. Vlisco was founded in 1846 and is based in Ghana.

Buy $151M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-28 Inpac AB

Beijing, China

Inpac AB is a printed paper packaging (PPP) manufacturer supplying multinational companies operating in China. Riding on the surging demand from multinational companies to outsource packing to local Chinese companies,

Sell -