About This Deal

Element Solutions acquired Coventya Holding SAS for ~EUR420 million (~$486 million, net of cash), a transaction announced in September 2021.

Largest post-rename deal; acquired a global provider of specialty chemicals for the surface-finishing industry to expand the Industrial Solutions business line within the Industrial & Specialty segment; funded with $400M add-on term loans and cash.

Largest post-rename deal; acquired a global provider of specialty chemicals for the surface-finishing industry to expand the Industrial Solutions business line within the Industrial & Specialty segment; funded with $400M add-on term loans and cash.

Deal Terms

Acquirer
Element Solutions
Target
Coventya Holding SAS
Value
~EUR420 million (~$486 million, net of cash)
Date
September 2021
Type
Full acquisition
Status
Completed

Transaction Details

Announced
September 1, 2021

In Their Words

we completed the Coventya Acquisition for $486 million, net of cash. Coventya is a global provider of specialty chemicals for the surface finishing industry which complements our industrial portfolio.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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