AWAX Group Acquires Sasol Wax GmbH

Exaltare Capital Management Acquires Uni K Wax

June 6, 2023

Retail

Exaltare Capital Management, a Boston-based private equity firm, acquired UKW Holding Company (Uni K Wax), a franchisor and operator of waxing studios headquartered in Aventura, Florida. Capitala Group provided debt and equity financing for the transaction; Heather Elrod joined as Executive Chair and founder Noemi Grupenmager remains a significant shareholder as the company pursues franchise system expansion.

Rexel Acquires Wasco from Gilde

May 30, 2023

Building Products

Rexel Group has agreed to acquire Wasco, a leading Dutch wholesaler in heating, plumbing, spare parts and HVAC, from Gilde Equity Management and Wasco management. The transaction, subject to works council consultation and European competition approval, will allow Wasco to continue expanding its product range and support customers in the Netherlands' energy transition while operating under its own name.

Ascensus Specialties Acquires Wychem Limited from AURELIUS Equity Opportunities

December 13, 2021

Manufacturing

Ascensus Specialties LLC has acquired Wychem Limited, a UK-based independent fine chemical manufacturer, from AURELIUS Equity Opportunities. The acquisition expands Ascensus' European manufacturing footprint and adds Wychem's capabilities in aromatic compounds, halogenation and multi-step intermediates for pharmaceutical APIs; financial terms were not disclosed by Ascensus, while AURELIUS reported a 10.6x money-over-money multiple on the sale.

Co-founder Sebastian Śliwa, Management and AMC Capital IV Acquire Akomex Group from Highlander Partners

February 4, 2020

Packaging

Highlander Partners has sold Akomex Group to co-founder Sebastian Śliwa together with the company's management, with financing support from AMC Capital IV (advised by Mezzanine Management). Akomex, a Poland-headquartered packaging manufacturer with operations in Poland and Denmark producing over 1.8 billion items per year, was owned by Highlander since 2010 and was divested following a period of capacity expansion and add-on acquisitions.

Medius Acquires Wax Digital

November 19, 2019

Cloud & SaaS

Medius AB, a Marlin Equity Partners-backed accounts-payable automation provider, has acquired Wax Digital, a UK-based provider of cloud sourcing and procurement software. The deal merges Wax's source-to-pay capabilities into Medius' product suite to create an integrated source-to-pay offering and expand Medius' footprint in Europe.

H.I.G. Capital Affiliate Acquires Covestro's European Polyurethane Systems Business (Plixxent)

January 17, 2019

Manufacturing

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire Covestro AG's European Polyurethane Systems business in a carve-out transaction, with closing expected in the second half of 2019 pending regulatory clearance. The business — operating four systems houses across Germany, Denmark, the Netherlands and Spain and employing ~250 people with ~€230m sales — will be run independently (to operate as Plixxent) and used as a platform for pan‑European expansion and add-on acquisitions.