BeCapital, Pechel sell Goëmar to Permira's Arysta

Paris-based Pechel and Luxembourg- and Brussels-based BeCapital acquired Goëmar in June 2010, with BeCapital investing via its BeCapital Private Equity SCA SICAR, according to unquote" data. The fund held its final close in September 2011 on €150m – well above its €100m target.

The acquisition by Arysta has been made to build on the Japanese group's biosolutions activities.

Arysta and Goëmar had already established a partnership in December 2012. The agreements made were regarding the development of biostimulant and biocontrol products. Under the agreements the two parties gained exclusive rights to several of each other's products.

Specifically, Arysta gained exclusive rights to Goëmar's products for distribution in the CEE region and the commonwealth of independent states, while Goëmar gained rights to develop and distribute Arysta's Atonik product in France.

Permira acquired Arysta in October 2007 via the newly created, Ireland-domiciled holding company Industrial Equity Investments in a deal worth $2.4bn.The buyout was the largest of a Japanese company that year, according to Permira.

Company
Founded in 1972 and headquartered in Saint-Malo, Goëmar manufactures and supplies nutritional products for plants through the extraction of natural raw materials such as seaweed filtrates.

The company's product base includes flowering and fruit-setting stimulation products, as well as nutritional and protective products for plants for the agriculture industry.

The company, which employs 80 staff, claims to generate sales in more than 40 countries and is believed to have recorded around €24m in turnover last year. At the time of BeCapital's acquisition, the company generated sales of €15m and employed 70 staff.

People
Jean-Pierre Princen is the CEO of Goëmar, while Wayne Hewett is the CEO of Arysta. BeCapital CEO Jean-Marc Crépin and senior investment manager Benoit Grillaud worked on the deal alongside Pechel managing director Hélène Ploix and investment director Laurent Gueroult.

Advisers
Vendors – Willkie Farr & Gallagher, Annette Peron (Legal); STC, Christian Couderc (Legal); KPMG, Florent Steck (Corporate finance).
Management – CMS Bureau Francis Lefebvre, Alexandre Delhaye, Arnaud Hugo (Legal).
Acquirer – Freshfields Bruckhaus Deringer, Timothy Wilkins, Jean-Claude Cotoni (Legal); EY, Nicolas Winkler, Jean-Philippe Barbé (Corporate finance, financial due diligence); ERM, Cécile Collantier (Environment due diligence); Dunham Trimmer, Mark Trimmer (Commercial due diligence).

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