Bencis sells BRB International to trade in €163m deal
Bencis Capital Partners has sold Netherlands-based Da Vinci Group, the holding company of petrochemical business BRB International, to Malaysia-based Petronas Chemicals Group in a deal valued at €163m.
The sale was launched in Q4 last year and saw the business marketed based on EBITDA of around €30m, according to Unquote sister publication Mergermarket.
The acquisition of BRB will help Petronas diversify its product portfolio into differentiated and speciality chemicals.
Bencis acquired the business in 2016 via its Bencis Buyout Fund IV, which closed on €408m in 2016. At the time, the company's turnover stood at €161m.
Company
Founded in 1981 and based in Ittervoort, BRB manufactures and supplies silicones, additives, chemicals and lubricants to various industries. It serves customers in various markets, such as the personal and home care, automotive, industrial, graphic design and construction industries.
It has additional offices and warehouses across the globe, including in the UK, Germany, Malaysia and Singapore. According to Bencis's website, the business currently generates revenues of €227m. The company employs 240 staff.
People
BRB International – Ralph Pinckaers (CEO).
Bencis – Lesley van Zutphen (managing partner); Dick Moeke (partner).
Advisers
Vendor – Lincoln International (corporate finance).
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