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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 in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

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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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
2019

Other operations with IBERCHEM GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
06/2021IBERCHEM GROUPPARFEXFRANCEFlavors & Fragrances

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: 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