IBERCHEM GROUP acquired by CRODA INTERNATIONAL
Context
Croda International has acquired Iberchem Group from the French private equity firm Eurazeo. This acquisition provides Croda with an immediate, high-growth platform in the global Fragrances & Flavours (F&F) market. The deal allows Croda to offer "full formulation" solutions to its customers (combining active ingredients with scents). Iberchem will continue to operate as an independent entity to preserve its agile culture. The transaction was funded via a combination of existing debt facilities and an equity placement.
IBERCHEM GROUP, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average currently observed in the Industry & Manufacturing sector (11.7x).
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Target
Headquartered in Murcia, Spain, Iberchem is a leading global manufacturer of fragrances and flavours. The company specializes in creating scents for personal care (fine fragrances, shampoos) and home care products (detergents), which account for ~80% of sales. It also operates a "Flavours" division called Scentium (20% of sales) for the food and beverage industry. Iberchem is distinct for its "Emerging Market" focus, with strong positions in Asia, the Middle East, and Africa, and a business model tailored to local/regional brands rather than global multinationals.
Ent. Value
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
15x–25x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with IBERCHEM GROUP
Other operations with IBERCHEM GROUP
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2021 | IBERCHEM GROUP | PARFEX | FRANCE | Flavors & Fragrances |
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REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €100–200M
EBITDA range: €25–50M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 15x - 25x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IBERCHEM GROUP by CRODA INTERNATIONAL 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.
Press release: view release
Target: iberchem group
Acquirer: croda international