COVENTYA acquired by ELEMENT SOLUTIONS
Context
The acquisition of Coventya by Element Solutions Inc represents a major turning point in the professionalization of the surface treatment sector, signaling a shift toward global industrialized chemical platforms. The strategic rationale for this transaction centers on a "portfolio-synergy" play, merging Coventya’s industry-leading technical operational depth in specialty plating with Element Solutions Inc's massive global scale and R&...D infrastructure. This structural alignment provides the combined organization with the scientific hardware required to address the increasing complexity of global supply chains, specifically the rising demand for lightweight aluminum treatments and sustainable hybrid-vehicle components.
It is worth noting that the fund Silverfleet took control of Coventya through an LBO in 2016.
COVENTYA, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a premium to the average currently observed in the Industry & Manufacturing sector (11.7x).
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Target
Coventya is a France company specialized in Surface Treatment Chemicals. The organization has established a global reputation as a primary enabler of the General Metal Finishing industry, focusing on the development of high-fidelity chemical solutions for decorative and functional plating. At the heart of their operations is a philosophy of technical operational depth, merging chemical synthesis with a deep understanding of surface physics across the automotive, luxury, and aerospace sectors. They differentiate themselves through a robust research and development ecosystem, particularly centered on lightweight plating solutions for aluminum and plating-on-plastics (POP).
Ent. Value
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with COVENTYA
Other operations with COVENTYA
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2016 | SILVERFLEET | COVENTYA | FRANCE | Specialty Chemicals |
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REFERENCES
Valuation range: EV €300–700M
Revenue range: €100–200M
EBITDA range: €25–50M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of COVENTYA by ELEMENT SOLUTIONS are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.