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11/2020

IBERCHEM GROUP acquired by CRODA INTERNATIONAL

SPAIN Chemicals & Materials / Specialty Chemicals / Flavors & Fragrances EV 500M - 1.5b EUR

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 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 (10.9x).

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

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.

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Historical Financials (EUR)

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Other operations with IBERCHEM GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
06/2021IBERCHEM GROUPPARFEXFRANCEChemicals & Materials

Iberchem has acquired a 95% stake in Parfex, a French fragrance house, with the intention to launch a squeeze-out to delist the company from Euronext Access. This acquisition is highly strategic for Iberchem (and its parent Croda), as it secures a foothold in Grasse, France, enhancing its legitimacy in the "Prestige" and "Fine Fragrance" segments. Parfex's focus on premium, natural ingredients complements Iberchem's existing portfolio, which is historically stronger in emerging markets and mass-market applications.

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 25M - 50M EUR

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

Press release: view release

Target: iberchem group

Acquirer: croda international