At what enterprise value was NOURYON acquired in 2018?

During the acquisition of NOURYON by THE CARLYLE GROUP / GIC in 2018, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NOURYON when it was acquired by THE CARLYLE GROUP / GIC?

The estimated EV/EBITDA multiple for NOURYON is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was NOURYON acquired by THE CARLYLE GROUP / GIC?

NOURYON was acquired by THE CARLYLE GROUP / GIC in 2018.

What was the revenue of NOURYON at the time of the deal?

The revenue of NOURYON at the time of the deal is estimated to be in the range of 5b - 100b EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of NOURYON during the acquisition?

NOURYON's EBITDA is estimated to be in the range of 750M - 1.3b EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the NOURYON acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the NOURYON deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.carlyle.com/media-room/news-release-archive/akzonobel-closes-sale-specialty-chemicals-carlyle-group-and-gic

← DATABASE

Home Database Industry & ManufacturingNOURYON

03/2018

NOURYON

Acquired by

THE CARLYLE GROUP & GIC

NETHERLANDS Chemicals & Materials / Specialty Chemicals EV 3b - 100b EUR

NOURYON acquired by THE CARLYLE GROUP & GIC

NETHERLANDS Chemicals & Materials / Specialty Chemicals EV 3b - 100b EUR

Context

As part of one of the biggest LBO since 2008, a consortium formed by The Carlyle Group and GIC acquired 100% of AkzoNobel Specialty Chemicals in a landmark corporate carve-out transaction. The deal was structured via a competitive bidding process under a definitive share purchase agreement, outnegotiating rival private equity syndicates including Apollo Global Management, Bain Capital, Advent International, and Hal Investments. The transaction was financed via a high-leverage capital structure comprising institutional sponsor equity alongside €6.5 billion in senior secured acquisition debt, representing a leverage ratio of 6.5x EBITDA. The debt package was arranged by a tier-one global banking syndicate led by Barclays, HSBC, and JPMorgan, alongside Citi, Credit Suisse, Deutsche Bank, RBC, and UBS, and included an additional €800 million in undrawn revolving credit lines. Under the binding terms of the agreement, Carlyle committed to maintaining the standalone entity’s corporate headquarters in the Netherlands.

NOURYON, which reported an EBITDA margin of LOGIN in 2017, 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 (11.0x).

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.

-> Deep-dive in Industry & Manufacturing market trends

Target

Nouryon (ex AkzoNobel Specialty Chemicals) is a premier global producer of high-performance specialty chemicals serving critical industrial supply chains. The company manufactures essential chemical components tailored for the packaging, plastics, pharmaceuticals, food processing, and construction end-markets. Its business model relies on high-barrier chemical engineering and specialized product development, capitalizing on a structural regulatory and consumer shift toward sustainable packaging, phosphate alternatives, and eco-friendly raw materials. The organization operates an extensive global industrial footprint employing approximately 10,000 professionals, including 2,500 employees located across its core Dutch facilities. Strategically, the firm represents a highly resilient, cash-generative industrial platform that commands dominant market shares in niche chemical verticals. Benefiting from steady market expansion characterized by a projected 4% CAGR, the division functioned as the highest-margin engine within its parent group prior to the transaction, generating nearly half of the conglomerate's total consolidated operating profit.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2017

2016

Other operations with NOURYON

REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 5b - 100b EUR

EBITDA range: 750M - 1.3b EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NOURYON by THE CARLYLE GROUP / GIC are reserved for mynth community members. Register for free to unlock full data.

Authors: 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: nouryon

Acquirer: the carlyle group / gic