3i – Chemial – Polynt

Gruppo Chemial is a specialist producer of high-purity organic esters. It serves a variety of industries from tobacco to flavors & fragrances, food, textiles, inks, special solvents, etc. Chemial was acquired by 3i in 2002 with a Management Buy-in/Buy-out. Turnover in 2007 was about € 50 million.

3i Group a world leader in private equity and venture capital, listed on the London Stock Exchange, invests € 4 billion a year in buyouts, growth capital and venture capital.

Polynt is one of the leading producers in Europe of specific polymer chemical intermediates and their derivatives, for the production of plastics, paints, inks and adhesives, electrical and electronic materials and components, paper and lubricants. Polynt is particularly committed to research and development of innovative products and processes. The group, with a turnover of € 423 million in 2007, is controlled by Investindustrial, the Italian private equity group.

The acquisition is part of Polynt’s growth strategy to increase its market coverage and product range.

Cross Border, was retained by 3i to manage the sale process because of our expertise in the fine chemical industry and our global placing power. We originated the transaction, assisted in negotiations and identified the most appropriate buyer, maximizing shareholders’ value and the impact of synergies on valuation.