OpenGate Capital's EverZinc bolts on GHC

GHC investors, Stephan Tabah and Philippe Bailet, have sold their stakes in the business.

US-based buyout house OpenGate acquired EverZinc (then known as Umicore Zinc Chemicals) from its parent company Umicore in 2016. The deal saw the business valued at around €142.4m. To fund the transaction, the GP used its first vehicle, Fund I, which closed on €305m in 2016. 

German lender Deutsche Bank provided a unitranche debt facility to support the transaction.

Founded in 1989 and headquartered in Liège, EverZinc is a producer of zinc chemicals. Its industrial operations are located in Belgium, the Netherlands, Norway, China and Malaysia. When acquired by OpenGate in 2016, the business generated €400m in revenues and employed 500 people.

Company
GHC was established in 1974 and is based in Saint Hyacinthe, Quebec. Through its manufacturing facility, GHC produces four grades of French-process zinc oxide used for pharmaceutical and food products, as well as fertiliser and feed grades, and various grades for rubber compounding. GHC employs 58 people serving a customer base from the industrial, pharmaceutical and agriculture sectors.

People
OpenGate Capital – Andrew Nikou (founder, CEO); Fabien Marcantetti (managing director); Julien Lagreze (partner).
EverZinc – Vincent Dujardin (CEO).

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