Advent International, the Sao Paulo, Brazil, private equity investor, agreed to acquire Viakem SA, the Mexican crop-protection-chemicals producer. Terms weren’t disclosed. In a statement, Advent said it’s invested in more than 30 chemicals companies worldwide over 25 years. Its recent investments in the sector include Allnex, GTM, Maxam, Mondo Minerals, Oxea and H.C. Starck. Galicia Abogados was legal adviser to Advent while Santos-Elizondo-Cantu-Rivera Gonzalez-de la Garza-Mendoza S.C. provided legal advice to Viakem.
Advent International acquires VIAKEM S.A. de C.V.
- Investment will support the Mexican company’s continued growth in the global agrochemical industry
MEXICO CITY, April 25, 2016 – Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced that it has agreed to acquire VIAKEM S.A. de C.V. (“VIAKEM”), a leading Mexico-based manufacturer of fine chemicals for the global agrochemical industry. The transaction is expected to close in the third quarter of 2016 and terms of the transaction were not disclosed.
Founded in 1938, VIAKEM is the only Latin America-based custom and toll manufacturer of fine crop protection chemicals serving global agrochemical companies. The company has developed strong relationships with the largest agrochemical players and is focused on offering integral solutions to the chemical industry. VIAKEM will continue to serve its clients worldwide as its excellent geographic location and competitive cost structure provide the company with a unique opportunity to serve global demand.
“We are excited to begin working with VIAKEM’s highly experienced management team, as it helps the company create a leading position in the fine chemicals contract manufacturing industry globally,” said Luis Solórzano, a Managing Director and Head of Mexico for Advent. “VIAKEM’s track record and optimal geographic location provide competitive advantages vis-à-vis other manufacturers, while strong fundamentals in the crop protection industry provide a solid platform from which to capture growth. Additionally, we believe that the agrochemicals market, for which VIAKEM serves as an outsourcing partner, will enjoy healthy growth based on the macroeconomic trends of increasing population and wealth, as well as the need to increase resource efficiency.”
Emilio Assam Helú, Chief Executive Officer of VIAKEM, said, “There are tremendous growth opportunities for VIAKEM in the global industry. Advent’s resources and expertise will contribute to VIAKEM’s long term business plan, through a focus on customer service and enhanced R&D, while maintaining its top production standards as the company enters new product markets and expands its leading position in Latin America and throughout the world. We believe Advent is the right partner for us as we continue to grow and capitalize on our competitive cost structure and long-standing relationships with our valued clients.”
VIAKEM’s manufacturing plant is located in Monterrey, Mexico, which is recognized as the country’s industrial heart and an important technological development center.
Advent has been active in the chemicals and materials industry for more than 25 years, during which time it has invested in over 30 companies in the sector globally. Its recent investments in the sector include GTM, Allnex, Maxam, Mondo Minerals, Oxea and H.C. Starck.
Advent is one of the leading private equity investors in Latin America, having raised more than $6 billion for investment in the region from institutional investors globally. Since 1996, the firm has invested in over 50 Latin American companies and fully realized its positions in 34 of those businesses. In addition to VIAKEM, recent investments in Mexico include Grupo Financiero Mifel, a leading mid-sized bank serving the mass-affluent retail segment and small and medium-sized companies, InverCap Holdings, a leading Mexican mandatory pension fund manager and our recent exit in Aerodom, the leading airport group in the Dominican Republic.
Galicia Abogados served as legal advisor to Advent while Santos-Elizondo-Cantu-Rivera Gonzalez-de la Garza-Mendoza, S.C.served as legal advisor to VIAKEM.
Founded in 1938 by Rafael Fernández Saldaña, VIAKEM is the leading custom and toll manufacturer of chemical components located in Latin America. The company provides products and services to global blue-chip companies within the agrochemical industry. VIAKEM derives its strength from over 75 years of work and dedication devoted to manufacturing and commercializing the highest quality chemicals available in the market. VIAKEM clients throughout the world recognize the company for its rich tradition of excellence in fine chemicals. For more information, visit www.viakem.com.
ABOUT ADVENT INTERNATIONAL
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested $30 billion in more than 300 private equity transactions in 40 countries. As of December 31, 2015, it had $29 billion in assets under management, which does not include the $13 billion recently raised for Advent’s latest global fund. With offices on four continents, Advent has established a globally integrated team of over 170 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom. After more than 30 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies. For more information, visit www.adventinternational.com.