Brussels, Belgium:
Syntagma Capital in the present day broadcasts that it has entered into unique negotiations to purchase sure belongings of Imerys producing kaolin, floor calcium carbonate (“GCC”), precipitated calcium carbonate (“PCC”) and talc primarily serving the paper, in addition to pulp, board, packaging, ceramics and constructing markets for an enterprise worth of €390m together with an earn-out based mostly on the future efficiency of the business. These actions are operated by roughly 950 staff in 24 crops, 7 distribution terminals, and a couple of R&D facilities in Europe, the Americas and Asia. In complete, these actions represented roughly €400m in gross sales in 2021.
The proposed transaction, which is topic to the achievement of customary closing situations, together with the info and session of works councils and different regulatory approvals, is anticipated to be accomplished by the finish of the first half of 2023.
“Syntagma is excited by the opportunity to invest in the Business, a global leader that serves critical needs of customers across a broad range of end-markets. This Business has been a core part of Imerys for many years and we appreciate Imerys’ confidence in our capacity to steer the Business forward and deliver a transaction that is opportune for all stakeholders. Syntagma looks forward to continuing the close collaboration with Imerys, which will remain a long-term partner, to grow the Business as a successful standalone company. This transaction reflects Syntagma’s strategy to acquire businesses that will benefit from a new owner to drive the next area of growth” stated Syntagma Managing Partner Sebastien Kiekert Le Moult. “Our extensive carve-out expertise and ability to manage complex situations confirm Syntagma as a preferred partner for large corporations in complex, cross border carve-out transactions.”
Alessandro Dazza, CEO of Imerys, stated: “In Syntagma, we have found a partner that shares Imerys’ values and passion for delivering mineral solutions in a responsible way. We are confident that our employees, customers, and the business overall will flourish and develop under the new ownership. I would like to thank the teams in management, operations and functions for their outstanding work in building this business over the years. I know they will continue delivering excellent results also in the future.”
“Syntagma’s team has extensive experience investing in and managing complex and global industrials and material businesses. The business is an excellent platform with meaningful opportunities to grow” stated Syntagma Partner Frank Coenen. “We expect to leverage the company’s global presence, strong customer relationships, R&D and technical capabilities to accelerate its growth, both organically and through targeted M&A investments in key product areas and geographies. We are excited to invest in the Business and we look forward to working with the company’s management team, employees, clients and suppliers.”
Syntagma’s workforce concerned in the transaction included Sebastien Kiekert Le Moult (Managing Partner), Frank Coenen (Partner), Benjamin Dahan (Partner), Fabio Yamasaki (Vice President), Ludovic Ruffenach (Senior Associate) and Gabriele Lo Monaco (Associate).
About Syntagma Capital
Syntagma invests in corporations that may profit from hands-on operational experience to speed up progress and enhance efficiency for all stakeholders. We are true operators with expertise working in and managing corporations on a world scale, leveraging our in-house sources to develop profitable methods, execute them to notice their full potential and create sustainable long-term worth. Syntagma invests and operates corporations in a broad vary of industries with a particular deal with the materials, chemical, industrial and business providers markets and together with manufacturing, distribution, transportation and logistics, gear rental, metals providers and different industries. Syntagma is dedicated to excessive ESG requirements throughout all its investments and relies in Brussels, Belgium. For extra info, please go to: https://syntagmacapital.com
About Imerys
The world’s main provider of mineral-based specialty options for trade with €4.4 billion in income and 17,000 staff in 2021, Imerys delivers excessive value-added, practical options to a nice quantity of sectors, from processing industries to shopper items. The Group attracts on its understanding of functions, technological information, and experience in materials science to ship options by beneficiating its mineral sources, artificial minerals, and formulations. Imerys’ options contribute important properties to prospects’ merchandise and their efficiency, together with warmth resistance, hardness, conductivity, opacity, sturdiness, purity, lightness, filtration, absorption, and water repellency. Imerys is decided to develop responsibly, specifically by fostering the emergence of environmentally pleasant merchandise and processes. www.imerys.com
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