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10/2016100%

Notedome acquired by Manali Petrochemicals

UNITED KINGDOM Chemicals & Materials / Material Transformation / Plastics EV $10–30M

Context

Manali Petrochemicals Limited has completed the acquisition of Notedome Limited, a UK-based manufacturer specializing in cast polyurethane elastomers for high-stress industrial and automotive applications. The transaction was executed through its Singaporean subsidiary, AMCHEM Speciality Chemicals. This acquisition aligns with the Indian group’s internationalization strategy, aiming to strengthen its exposure to European markets and accelerate its growth in specialty polymer materials. It also solidifies Manali Petrochemicals’ industrial footprint outside India, leveraging a dedicated holding structure for overseas growth initiatives. Beyond geographic expansion, the deal seeks to enhance the group’s technological capabilities in polyurethane formulations and foster synergies between its upstream polyol production and downstream specialty applications.

Notedome, which reported an EBITDA margin of [members only] in 2015, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, to compare with the average currently observed in the Industry & Manufacturing sector (11.7x in 2026).

-> Deep-dive in Industry & Manufacturing market trends

Target

Notedome Limited is a UK-based manufacturer specializing in cast polyurethane elastomers designed for high-stress industrial applications. The company develops advanced technical formulations used in the production of wear-resistant parts and industrial components subjected to abrasion, heavy loads, and intensive operating cycles. Its products are integrated across a wide range of industries, including material handling, automotive, mechanical engineering, and oil and gas. They are primarily used to manufacture components such as wheels, rollers, pulleys, and sealing parts, where mechanical strength and durability are critical. Notedome’s operations are built on expertise in custom chemical formulation, enabling the company to tailor polymer properties to the specific needs of its clients. The business relies on precise industrial mixing and polymerization processes to ensure consistent performance in the materials it produces.

Ent. Value

$10–30M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

5x–12x

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2015
$5–25M
$0–5M
$0–5M
2014
$5–25M
$0–5M
$0–5M

Other operations with Notedome

Other operations with Notedome
DateAcquirerTargetCountrySector
11/2025COIM GROUPNOTEDOMEUNITED KINGDOMPlastics

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01/2016ALLIANCE ETIQUETTESIMPRIMERIE MAUMYFRANCELabels & Adhesives
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REFERENCES

Valuation range: EV $10–30M

Revenue range: $5–25M

EBITDA range: $0–5M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Notedome by Manali Petrochemicals 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.

Target: notedome

Acquirer: manali petrochemicals

FAQ

What transaction does this page cover?

This page covers Manali Petrochemicals’s acquisition of 100% of Notedome, a British company specialised in Material Transformation, in 2016. Ownership has since evolved, leading to a subsequent transaction with Coim Group in November 2025 (see the dedicated deal page for details).

How was the acquisition of Notedome by Manali Petrochemicals valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $10–30M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Notedome’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Notedome generated annual revenue estimated in the $5–25M range and EBITDA in the $0–5M bracket (FY 2015). Detailed financial figures are available to members.

How does the valuation of Notedome compare to benchmarks in the Industry & Manufacturing sector?

With an estimated valuation multiple in the range of 5x - 12x in 2016, the transaction reflects historical valuation standards. By way of comparison, in 2026 companies in the Industry & Manufacturing sector are valued at a multiple of 11.7x EBITDA.

What sources support the information on this transaction?

Transaction intelligence is supported by independent reporting from specialized financial publications, alongside a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

What is mynth?

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