Prefere Resins Gruppe

capiton acquires Prefere Resins Company (“PRC”) in a carve out from Dynea Chemicals Oy (“Dynea”)

 

Industry: Chemicals

Investment opportunity: New investment

 

capiton has entered into an agreement to acquire PRC, the European phenolic resins activities of the Nordic chemicals group Dynea, jointly with the senior management team.

 

PRC operates from seven production facilities in six European countries (Germany, Finland, UK, France, Poland and Romania) and generates revenues of approximately € 220 million with more than 300 employees. The company develops, produces and sells liquid and solid phenolic resins and is one of the leading producers in the European market. Phenolic resins are used in the insulation, construction, automotive and engineering industries. Overall, the company is well positioned to benefit from organic growth opportunities in existing and new markets and may drive further growth through selected add-on acquisitions.

 

Closing of the transaction is still subject to antitrust clearance. Financing will be provided through equity injected by capiton’s fund IV and senior management as well as bank financing.

 

The Parties have agreed not to disclose the financial terms of the transaction.

 

BMH Bräutigam & Partner (Legal), Ernst & Young (Financial and Tax), Rothgordt & Cie. (Commercial), Marsh (In-surance), ERM (Environmental), interim-it.net (IT) and Egon Zehnder (Management) advised capiton in this transaction.