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Announced

Completed

Platinum Equity-backed Solenis completed the acquisition of Diversey for $4.6bn.

Financials

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Transaction Value£3,847m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium41%
One Off Charge-

Tags

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Single Bidder

Domestic

Acquisition

United States

cleaning products

Majority

Privatisation

Friendly

Nondurable Household Products

hygiene products

Private Equity

Public

Completed

Synopsis

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Platinum Equity-backed Solenis an American manufacturer of specialty chemicals, completed the acquisition of Diversey, an American provider of cleaning and hygiene products, for $4.6bn. "This merger makes Solenis a more diversified company with significantly increased scale, broader global reach and the ability to offer a 'one-stop shop' suite of solutions that meet customer demand and address water management, cleaning and hygiene issues on a global basis. Together, we have a foundation from which we can continue to leverage our strong customer partnerships, leading-edge innovation and value-added services to propel Solenis' aggressive growth trajectory. With continued support from Platinum Equity, we are confident that we will maximize the promising opportunities ahead," John Panichella, Solenis CEO.

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