Advisor to seller
‘Project Coating’ has more than 50 years of experience in the development, production and sale of coatings for steel protection.
In 2017, the management of Project Coating had initiated the capitalisation on international growth markets while continuing to reinforce its local market share. By strengthening the assets, intangibles and R&D capabilities, Project Coating was ready to pursue growth in the future.
Considering the objective of the shareholders to exit the company, Clairfield Benelux acted as financial advisor in the sales process. The buyer is a Belgian private equity fund that created a NewCo to execute the transaction. The shareholders of Picasso reinvested.
Team members responsible for this transaction
Other Industry related transactions
Advisor to buyer
Acquired a majority stake in
Ajinomoto OmniChem is the Belgian subsidiary of the Japanese multinational company Ajinomoto. Ajinomoto is a global manufacturer of quality seasonings, processed foods, beverages, amino acids, pharmaceuticals and speciality chemicals. Ajinomoto OmniChem manufacture and sell pharmaceutical intermediates and APIs globally.
Agro2Agri is a Spanish agrochemical consortium previously owned by Grupo Dadelos, comprised of three subsidiaries: Dadelos Agrosolutions, AgriTecno Fertilizantes and Agrigentum. Ajinomoto OmniChem previously owned a 4.5% stake in all three subsidiaries and sought to acquire a majority stake in Agro2Agri by raising their stakes in the subsidiaries.
Ajinomoto OmniChem aimed to expand their agro business by entering the rapidly growing bio stimulants market. Additionally, the European market proved to be a valuable fit as it represents 40% of the global market and is the fastest-growing region. Ajinomoto OmniChem will take advantage of the joint development of new products and customers, and will further establish their speciality division in the European agrochemicals market.
Clairfield Benelux advised private equity investor Intersaction on the arrangement of bank facilities for the buy out of A. Foeth B.V. A. Foeth B.V. is active in the purchase and sale of used process machinery (mainly stainless steel), serving the chemical, food and pharmaceutical industries in Europe and beyond. The machines are mainly used for crushing, mixing and sieving of raw materials.
Intersaction acquired Flexoclean. Clairfield Benelux advised Intersaction on the arrangement of bank facilities for the buy out of Flexoclean. Intersaction is a private equity investor and Flexoclean is a specialist provider of cleaning products and services to printing companies active in the markets of corrugated cardboard, flexible packaging and labels.