Element Solutions Inc Acquires Coventya from Silverfleet Capital

June 11, 2021

Element Solutions Inc has agreed to acquire Coventya, a France-headquartered specialty chemicals manufacturer focused on surface treatment, from private equity firm Silverfleet Capital. The sale — subject to regulatory approvals and expected to close in Q3/Q4 2021 — generates a reported c.2.5x gross money multiple for Silverfleet; Coventya employs around 700 people and was forecast to generate roughly €160 million of revenue in 2021.

Buyers
Element Solutions Inc
Targets
Coventya
Sellers
Silverfleet Capital
Industry
Manufacturing
Location
France
Transaction Type
Buyout

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