Deal Details
Fiven Is Acquired by Kymera
Summary
Fiven ASA (“Fiven”), a portfolio company of OpenGate Capital (“OpenGate”), announced it has signed an agreement to be acquired by Kymera International (“Kymera”), a portfolio company of Palladium Equity Partners, LLC (“Palladium”). The transaction is expected to close in Q3 2024 and is subject to various regulatory approvals and customary closing conditions. The terms of the transaction have not been disclosed.
Baird served as exclusive financial advisor to Fiven on this transaction.
About
Fiven SiC grains and powders offer unique properties of hardness, thermal resistance and conductivity, wear resistance and chemical inertness. Fiven products are sold to a diverse customer base across Europe, South America and North America for use in a wide array of applications including metallurgy, refractory, abrasives, filtration and technical ceramics. Fiven has a global manufacturing footprint across Norway, Belgium and Brazil and is headquartered in Oslo, Norway.OpenGate is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth. Established in 2005, OpenGate has executed more than 40 platform acquisitions across North America and Europe. OpenGate has a European office in Paris, France and is headquartered in Los Angeles, California.
Kymera, through acquisitions, can trace its roots back to the 1800’s. Today, Kymera is a U.S. owned, leading global developer and manufacturer of advanced specialty materials and high-performance surface coatings. Kymera sells its technically developed products into a wide variety of end markets, including aerospace, defence, medical, electronics, chemical, specialty auto, additive manufacturing and numerous industrial applications. Kymera has manufacturing facilities in the U.S., Canada, Australia, Europe, UK and Asia. Kymera is headquartered in Durham, North Carolina.
Since its founding in 1997, Palladium has invested in more than 210 companies (40 platforms and more than 170 add-ons). With over $3 billion in AUM, the firm focuses primarily on buyout equity investments in the range of $50 million to $150 million. Palladium seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital and strategic guidance. The partners of the firm have meaningful experience in consumer, services, industrials and healthcare businesses. Palladium is headquartered in New York, New York.
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- Date
- June 2024
- Company
- Fiven ASA
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Specialty Materials & Chemicals
- Target Geography
- Europe
- Acquiror Geography
- North America
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