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    Home»Mergers & Acquisitions»Advent International and LANXESS establish global JV to acquire DEM in €3.7bn deal
    Mergers & Acquisitions

    Advent International and LANXESS establish global JV to acquire DEM in €3.7bn deal

    May 31, 2022Updated:May 31, 20221 Min Read
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    Global private equity investor Advent International, and specialty chemicals company LANXESS are establishing a joint venture have formed a joint-venture to acquire engineering materials business (DEM) from Dutch group Royal DSM.

    The Enterprise Value is around €3.7 billion and will be financed by the joint venture via equity from Advent and external debt. The business represents sales of around EUR1.5 billion with an EBITDA margin of approximately 20%.

    In addition, LANXESS is combining its High Performance Materials (HPM) business unit with DEM.

    Read more: Private Equity Wire

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    deals and transactions Mergers and acquisitions PE Insider Private Equity
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