M&A Deal Summary

The Lubrizol Acquires Warwick International

On December 31, 2014, The Lubrizol acquired chemicals company Warwick International from CBPE Capital

Acquisition Highlights
  • This is The Lubrizol’s 5th transaction in the Chemicals sector.
  • This is The Lubrizol’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2014-12-31
Target Warwick International
Sector Chemicals
Buyer(s) The Lubrizol
Sellers(s) CBPE Capital
Deal Type Add-on Acquisition

Target

Warwick International

Flintshire, United Kingdom
Warwick consists of two separate businesses, a speciality chemical manufacturer and a broad network of niche chemical distributors based across Europe and Asia. The chemical manufacturing business is the global market leader in the production of bleach activators used in the laundry detergents market. The distribution business supplies a broad range of products used in markets including, construction, industrials, polymer, refinery, refracting and personal care.

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Buyer(S) 1

Buyer

The Lubrizol

Wickliffe, Ohio, United States

Category Company
Founded 1928
Sector Chemicals
Employees7,000
Revenue 5.4B USD (2010)
DESCRIPTION

The Lubrizol Corporation is a specialty chemical company that produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, other transportation-related fluids and industrial lubricants, as well as fuel additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for personal care products and pharmaceuticals; specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives.


DEAL STATS #
Overall 9 of 15
Sector (Chemicals) 5 of 8
Type (Add-on Acquisition) 8 of 14
Country (United Kingdom) 2 of 4
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Vesta

Franklin, Wisconsin, United States

Vesta, Inc. is a manufacturer and supplier of disposable silicone medical products and precision thermoplastic extrusion tubing. Major products include catheters, wound and body drains, surgical tubing, instrument seals and valves and other surgical device components.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Warwick International Group

Holywell, United Kingdom

Warwick Chemicals has strong positions with global and regional detergent producers. Their products are an essential element in laundry detergent powders and automatic dishwashing products used across five continents and in more than 50 countries.

Buy -

Seller(S) 1

SELLER

CBPE Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.3B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

CBPE Capital is a private equity firm that seeks investments in mid-sized UK-based businesses. CBPE focuses on transactions valued at between £25 million and £150 million and will consider opportunities in a variety of industries. Sectors of interest include support services (inspection testing, training/education, oil/gas services, business process outsourcing, IT, environmental services, utility services); transportation/distribution (transport infrastructure, transport services, wholesale and distribution); consumer (food/beverage, household products, media, retail); industrial (chemicals, building products, electronics/engineering, paper, packaging, aerospace/defense, automotive, capital goods); healthcare (pharmaceuticals, medical products, diagnostics); and leisure (restaurants, gaming, holiday parks, cinemas, hotels). CBPE was formed in 1984 and is based in London.


DEAL STATS #
Overall 22 of 39
Sector (Chemicals) 4 of 4
Type (Add-on Acquisition) 5 of 9
Country (United Kingdom) 22 of 38
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-27 Anesco

Reading, United Kingdom

Anesco provides energy efficiency implementation, management, and consultancy services for residential and commercial markets. Anesco has constructed more than 100 solar farms, while its O&M service is monitoring more than 24,000 sites. Anesco was founded in 2010 and is based in Reading, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Compre

Hamilton, Bermuda

Compre is a global consolidator of closed books of non-life insurance policies. Compre is focused on the acquisition and management of discontinued (also known as ‘run-off’) non-life insurance portfolios and has operations in the UK, Bermuda, Finland, Germany, Malta, and Switzerland. Compre was founded in 1991 and is based in Hamilton, Bermuda.

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