Buy-Out Central Europe sells Chemson Group

OYAK, the industrial holding of the Turkish army's pension fund, has more than 50 portfolio companies at present and approximately $8.8bn in assets under management.

Austrian GP Buy-Out Central Europe acquired a 92.2% stake in Chemson Group from Invest Equity and Leman Capital in 2008, with the remaining stakes held by the management and another co-investor. Equity for the acquisition was provided via the GP's €150m Buy-Out Central Europe II fund.

In 2000, Leman Capital, Invest Equity and Chemson's management acquired Chemson from Chemetall, a manufacturer of metal surface treatment chemicals, according to unquote" data.

Company
Chemson produces polyvinyl chloride additives for the plastics industry. The additives are used in the production of windows, profiles, pipes and injection molding, and soft polyvinyl chloride applications, such as cables, flooring and roof sheets. The company operates production sites in Germany, the UK, China, Brasil and Australia.

Chemson, which is based in Arnoldstein, produces around 100,000 tonnes of additives every year. Chemson currently employs 540 staff and reported a turnover of €252m in 2012.

Chemson was founded in 1986 as a joint venture between Chemetall and Cookson.

People
Florian Heiserer is managing director of the Buy-Out Central Europe II Beteiligungs-Invest vehicle.

Adviser
Vendor – Lincoln International (M&A).

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