An affiliate of Sun European Partners, LLP (“Sun European Partners”), today announces that it has agreed to acquire ESIM Chemicals (“ESIM” or the “Company”), a leading Austrian fine chemical manufacturer and top 3 crop protection CMO player in Europe, from Ardian for an undisclosed sum. The proposed transaction is subject to customary regulatory approvals.
ESIM operates through two business units with several facilities. Exclusive Synthesis (“ES”) acts as a partner to many global crop protection companies which outsource the synthesis of certain chemicals. Maleic anhydride intermediates & specialties (“IM”) manufactures high value low volume chemicals for use across a diverse group of end markets including coating, pigments, construction and pharmaceutical.
The Company is headquartered in Linz, Austria.
Paul Daccus, Managing Director at Sun European Partners, said; “ESIM is a first-class business with flexible manufacturing facilities, strong R&D capabilities and a significant product pipeline, further supported by attractive end market dynamics. It has deep and long-term relationships with some of the largest players in the €10bn active ingredients market for agrochemicals, in which over a third of the chemicals manufacturing is outsourced. We look forward to working with the excellent management team to accelerate the Company’s profitable growth.”
Wolfgang Hillisch, CEO at ESIM, said; “Sun European Partners’ investment is the latest chapter in a continued growth story for ESIM. Their experience in chemicals and in manufacturing in general will be welcome as we continue to innovate and grow the business.”
Sun European Partners has significant experience in the chemicals sector, where its affiliated portfolio companies include Elix Polymers, and in the European manufacturing sector, where its affiliated portfolio companies include Coveris, C&K, Flabeg and Flexitech.
Sun European Partners was advised by Perella Weinberg Partners (financial), EY (due diligence), Sidley Austin (legal) and Herter & Co (debt).
Sun European Partners, LLP is a leading private investment advisory firm, focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results. Sun European Partners is a trusted partner that is recognised for its investment and operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurant and retail sectors. Since 1995, affiliates of Sun European Partners have invested in more than 360 companies worldwide with revenues of approximately €40 billion across a broad range of industries and transaction structures. Sun European has offices in London and affiliates with offices in Boca Raton, Los Angeles, New York and Shenzhen.
Further information on Sun European Partners, LLP is available at www.suneuropeanpartners.com.
ESIM Chemicals
ESIM Chemicals is a leading global provider of high-quality agricultural and crop protection chemicals, intermediates and maleic anhydride tree chemicals, focusing on partnering with companies in the custom synthesis of their unique compounds and offer a portfolio of fine chemical products critical to multiple industries. The company is headquartered in Linz (Austria) and has more than 75 years of experience in transforming innovative ideas into scalable supplies of advanced fine chemical products and intermediates using state of the art facilities.
Contact:
Fergus Wheeler
FTI Consulting
Tel: +44 (0) 20 3727 1522