Sagard, Societe Generale Capital Partenaires & EMZ Partners take majority stake in Safic-Alcan

FRANCE Chemicals & Materials / Specialty Chemicals REV €250–500M

Context

The management of Safic-Alcan finalized the acquisition of a majority stake in the group from Parquest Capital. This transaction is a landmark "Management-led Buyout" (MBO) aimed at affirming the company’s independence by placing the founding executives at the center of the capital structure. The deal was supported by a pool of institutional investors providing long-term equity and mezzanine capital. The acquisition financing was underwritten and coordinated by HSBC and Natixis as Bookrunners, with Société Générale joining as Mandated Lead Arranger. This new governance structure is designed to allow Safic-Alcan to pursue its European leadership ambitions through a sustainable and profitable growth trajectory.

Safic-Alcan, which reported an EBITDA margin of [members only] in 2014, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Safic-Alcan is a leading independent French distributor of specialty chemicals. The company serves as a critical intermediary between global chemical manufacturers and diverse industrial sectors, including rubber, coatings, cosmetics, pharmaceuticals, and nutraceuticals. Operating through a network of 32 offices worldwide, Safic-Alcan provides high-performance polymers, additives, and materials, backed by a team of highly specialized sales engineers. The group’s value proposition is built on technical expertise and long-term partnerships with both principals and customers.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2014

2013

Other operations with Safic-Alcan

Other operations with Safic-Alcan
Date	Acquirer	Target	Country	Sector
06/2022	EQUISTONE / IK PARTNERS / SAGARD / EMZ PARTNERS / SOCIETE GENERALE CAPITAL PARTENAIRES	SAFIC-ALCAN	FRANCE	Specialty Chemicals

Other operations with Sagard / Societe Generale Capital Partenaires / EMZ Partners

Other operations with Sagard / Societe Generale Capital Partenaires / EMZ Partners
Date	Acquirer	Target	Country	Sector
01/2021	SOCIETE GENERALE CAPITAL PARTENAIRES	DELTA SERVICE LOCATION	FRANCE	Equipment Rental
02/2020	AMUNDI PRIVATE EQUITY / SOCIETE GENERALE CAPITAL PARTENAIRES	VIVALTO VIE	FRANCE	Nursing Homes
09/2019	SAGARD	STERIMED	FRANCE	Medical Consumables
08/2019	EQUISTONE / SAGARD	VULCAIN INGENIERIE	FRANCE	Engineering & Consulting
12/2018	EMZ PARTNERS	VIGNAL GROUP	FRANCE	Auto Parts & Systems
11/2018	SAGARD / BPIFRANCE	SABENA TECHNICS	FRANCE	MRO (Maintenance, Repair & Overhaul)
10/2018	SOCIETE GENERALE CAPITAL PARTENAIRES / BNP PARIBAS DEVELOPPEMENT	GROUPE GRIS	FRANCE	Auto Parts & Suppliers
06/2018	EMZ PARTNERS / BNP PARIBAS DEVELOPPEMENT / IDIA CAPITAL INVESTISSEMENT	DIAM	FRANCE	Marketing & Events
02/2015	SAGARD	DELICE DES 7 VALLEES	FRANCE	Bakery / Pastry
09/2014	INSTITUT MERIEUX / SAGARD / SOFIPROTEOL	CEVA SANTE ANIMALE	FRANCE	Animal Health

Similar deals in Chemicals & Materials

Similar deals in Chemicals & Materials
Date	Acquirer	Target	Country	Sector
05/2015	INITIATIVE & FINANCE / ISATIS CAPITAL	PURE TRADE WORLDWIDE	FRANCE	Packaging & Containers
04/2015	IDEX CORPORATION	NOVOTEMA	ITALY	Plastics
01/2015	UI INVESTISSEMENT	GAULT & FRÉMONT	FRANCE	Paper & Cardboard
11/2014	IMERYS	S&B INDUSTRIAL MINERALS	GREECE	Construction Materials
10/2014	CVC	PAROC GROUP	FINLAND	Construction Materials
07/2014	MYERS INDUSTRIES	SCEPTER CORPORATION	CANADA	Plastics
04/2014	MBO+	COSMOGEN	FRANCE	Packaging & Containers
02/2014	AUTAJON	FINCARTA	ITALY	Paper & Cardboard
12/2013	ASTORG	KERNEOS	FRANCE	Construction Materials
06/2013	CINVEN	CERAMTEC	GERMANY	Glass & Ceramics

REFERENCES

Revenue range: REV €250–500M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Safic-Alcan by Sagard / Societe Generale Capital Partenaires / EMZ Partners 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.

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Safic-Alcan, a French company specialised in Specialty Chemicals, by Sagard, Societe Generale Capital Partenaires and EMZ Partners in 2015, structured as a leveraged buyout (LBO). Ownership has since evolved, leading to a subsequent transaction with Equistone / IK Partners / Sagard / EMZ Partners / Societe Generale Capital Partenaires in June 2022 (see the dedicated deal page for details).

What was Safic-Alcan’s revenue at the time of the deal?

At the time of the transaction, Safic-Alcan’s annual revenue was estimated within the €250–500M range (FY 2014). Detailed financial figures are available to members.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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