Industrial Equity Investments Ltd., an international investment firm based in
Margaret O'Connor, chairperson of IEIL, commented, “We are delighted to be acquiring a truly global business headquartered in Japan and look forward to supporting the management in their growth going forward.“
Chris Richards, CEO of Arysta LifeScience, said, “Our continued success comes from a culture that is relentlessly focused on delivering innovative crop protection solutions that help our customers become more successful. Based on our strong product range and global reach, our employees have driven aggressive global growth through product development and strategic acquisition. Olympus Capital has provided consistent support for our growth over the last five years. We are now excited to look to the future with IEIL, who shares our vision and ambition to further accelerate our growth plans over the coming years.“
Olympus Capital, an independent firm that has been in the Asian private equity business for more than 10 years, has entered into more than 10 strategic partnerships throughout the region. The firm completed an initial investment in Arysta LifeScience in 2002, partnering with then existing owners Tomen Corporation (now owned by Toyota Tsusho) and Nichimen Corporation (now part of Sojitz Corporation), who subsequently sold their stakes to the Olympus Group. During this period, Olympus Capital helped Arysta LifeScience to acquire more than JPY50bn (US$450 million) of companies and products around the world.
The Permira Funds provided all the equity for the IEIL's first acquisition in
Goldman Sachs, Lehman Brothers and Freshfields Bruckhaus Deringer acted as advisers to Arysta LifeScience and the sellers. JP Morgan, Clifford Chance, PricewaterhouseCoopers and Permira Ireland Limited acted as advisers to IEIL.
About Arysta LifeScience Corporation
Headquartered in Tokyo, Japan, Arysta LifeScience is the world's largest privately held crop protection and life science company with 2006 revenues of JPY124.1 billion (US$1 billion). An entrepreneurial provider of crop protection and life science products in more than 125 countries worldwide, Arysta LifeScience specializes in marketing and distribution of respected crop protection brands and life science products in harmony with the needs of global partners. More information on the company is available at: www.arystalifescience.com.
Established in 2005, IEIL is a private investment company located in the
Permira is a leading international private equity firm. The Permira Funds make long-term investments to transform the performance of businesses, helping management to realise new visions and build stronger and more sustainable organizations.
The firm's teams are based in Frankfurt, Guernsey, London, Luxembourg, Madrid, Milan, New York, Paris, Stockholm, and Tokyo, advising funds with a total committed capital of approximately EUR22 billion (US$30 billion). Since 1985, the Permira Funds have completed over 180 private equity transactions.
For more information visit: www.permira.com
About Olympus Capital Holdings
Olympus Capital Holdings Asia is a leading middle market private equity firm specializing in partnering with Asian shareholders and management teams to expand their businesses regionally and globally. Olympus Capital has a network of investment and operating professionals located in offices in