Proventis Partners acted as exclusive M&A advisor to VELOX GmbH on its sale to IMCD N.V.

Hamburg, September 26, 2018 – Proventis Partners advised the shareholders and management of VELOX GmbH

The Transaction

IMCD N.V. (“IMCD”), a leading distributor of speciality chemicals and food ingredients, acquired 100% of the outstanding shares of VELOX GmbH (“VELOX”), a group of companies with its headquarter in Hamburg, Germany. The agreement was signed and communicated at the End of August by both parties involved.

VELOX was established in 1993 and is a European distributor with a focus on specialities for the plastics, composites, additives, rubber, paints and coatings industries. Employing approximately 225 employees in 18 countries VELOX generated EUR 155 million revenue and a normalized EBITDA of EUR 5.4 million in 2017. With an extensive commercial network across Europe and its long-standing relationships with global suppliers, VELOX is an excellent fit with IMCD’s existing operations.

In an official press release, Piet van der Slikke, CEO of IMCD, commented: “This acquisition enables IMCD to further strengthen its position as distributor of speciality plastics and additives. Our portfolios very well complement each other, and we expect to be able to create more value for our suppliers and customers.”

Francois Minec, General Manager of VELOX added: “Joining IMCD will provide VELOX with excellent opportunities to further develop and execute its strategy as a leading distributor to the plastics- and composite industries.”

The Role of Proventis Partners

Proventis Partners has advised the founding shareholders of VELOX and the management team of VELOX throughout the entire M&A process. Services provided included the preparation of full transaction documentation, identification and approach of suitable investors, due diligence support and negotiation of the commercial terms of the transaction.

About Proventis Partners

Proventis Partners is a partner-managed mid-market M&A-advisory boutique, whose main clients comprise corporations, family businesses and private equity funds. With 30 professionals, Proventis Partners is active in the sectors Industrials, Business Services, Consumer & Retail, TMT, Healthcare and Energy. Besides the five offices in Hamburg, Munich, Cologne, Zurich and Budapest, Proventis Partners maintains a qualified partner network in Europe, Asia, and the United States.