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10/2020

ADVANCION (ANGUS CHEMICAL) acquired by ARDIAN

UNITED STATES Chemicals & Materials / Specialty Chemicals EV 1b - 4b USD

Context

Ardian, the global private investment house, acquired a 50% ownership stake in Angus Chemical Company from Golden Gate Capital. The investment was driven by Angus's indispensable position within the global Life Sciences value chain. During the pandemic, Angus's nitroalkane derivatives became vital components for the manufacture of diagnostic kits, antibody treatments, vaccines, and high-alcohol hand sanitizers. Ardian's strategy is to use Angus as a platform for a global "Buy-and-Build" strategy, specifically targeting additional specialty chemical companies in Europe and Asia to further diversify its life sciences and personal care portfolio.

ADVANCION (ANGUS CHEMICAL), which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Angus is the world s only chemical company dedicated to the manufacture and distribution of nitroalkanes and their derivatives. Its specialty additives and intermediates are critical "mission-critical" components in life sciences, personal care, and Corporate applications. Key products include TRIS AMINO™ tromethamine, a vital buffer used in the manufacturing of vaccines and biopharmaceuticals.

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Historical Financials (USD)

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REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 250M - 500M USD

EBITDA range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ADVANCION (ANGUS CHEMICAL) by ARDIAN are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: ardian