VR, BIP sell Leuna Tenside to trade

The sale ends a holding period of just over three years for the GPs, which jointly acquired a majority stake in the business in 2015.

The two GPs mandated PwC to run a sale process, which marketed the business based on EBITDA of €8-9m, according to Unquote sister publication Mergermarket.

Chicago-based Vantage is majority-owned by private equity firm HIG Capital, which acquired it alongside its previous owner The Jordan Company in September 2017.

Company
Leuna Tenside was founded in 1995. The company is headquartered in Leuna and produces surfactants and chlorinated paraffins. Surfactants are used in the production of detergent, cleanser and household chemicals. Chlorinated paraffin is used to produce cooling lubricants and flame retardant, or as a plasticiser.

The business generated sales of €53m in 2017, according to publicly available documents, and employed 113 people.

People
VR Equitypartner – Christian Futterlieb (CEO).
Leuna Tenside – Steve Döring (CEO).

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• Topics
• Exits
• DACH
• Industrials
• Germany
• Trade sale
• BIP Investment Partners
• HIG Capital