Crown Paints sold to Hempel

UK-based private equity firm Endless has exited its investment in Crown Paints, after initially acquiring the business in 2008.
Round-up of today's M&A deals


UK-based private equity firm Endless has exited its investment in Crown Paints, after initially acquiring the business in 2008.
Round-up of today’s M&A deals

UK-based private equity firm Endless has exited its investment in Crown Paints, after initially acquiring the business in 2008.

The sale marks a turnaround for the business, with profits of £20 million on sales of £180 million in 2010.

Brian Davidson, chief executive of Crown Paints, comments: ‘This deal is of mutual benefit to the prosperity of both companies. Hempel recognises the talent, mature infrastructure and strong customer base that we have in our business, and is committed to developing Crown Paints’ brands in the UK and Eire.

‘In return, we will use our well-developed industry know-how and market position to support the growth of Hempel’s existing decorative businesses.’

Round-up of today’s M&A deals

  • Engineering group Rotork has acquired all of the issued share capital of Valco Valves & Automation AS (VVA), its Norwegian sales and service agent from Valco Group AS

Sector: Property

Value: £2 million 

Advisers: Financial Dynamics

Read more

  • Sable Mining Africa acquires 60 per cent interest in the Kpo Iron Ore Exploration targets in Liberia

Sector: Natural Resources

Value: undisclosed

Advisers: Seymour Pierce Ltd, Matrix Corporate Capital, GMP Securities, St Brides Media & Finance Ltd

Read more

  • Gitanjali Group acquires the assets of Italian company DIT Group

Sector: Consumer goods

Value: undisclosed

Advisers: undisclosed

Read more

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

Related Topics