Houlihan Lokey Advises Astorg Partners

Houlihan Lokey is pleased to announce that Astorg Partners has acquired IGM Resins, a portfolio company of Arsenal Capital Partners. The transaction closed on July 3, 2018.

Astorg Partners is an independent private equity fund management company specializing in European mid-market buyouts with total funds under management of over €4 billion. Although a multi-sector investor, Astorg has developed solid industry expertise in healthcare, business services, and niche industrial companies. Since its inception in 1998, Astorg has conducted 43 transactions. Astorg has offices in London, Paris, Luxembourg, Frankfurt, and Milan and senior advisors based in Amsterdam, Zurich, and Frankfurt.

Headquartered in Waalwijk, Netherlands, IGM is a leading independent global manufacturer and innovator of high-value, specialty photoinitiators. The company offers a full platform of complementary UV-curable material solutions (photoinitiators, acrylates, and additives) for the high-growth UV coatings and inks market. IGM serves a diverse set of attractive, high-growth end markets with particular strength in graphic arts (inkjet/3D printing, printing inks for low-migration food packaging), electronics, optical coatings, and adhesives.

Houlihan Lokey served as financial advisor to Astorg Partners and advised on valuation and strategic analysis, process management, and final negotiation with the counterparties. The transaction highlights Houlihan Lokey's in-depth knowledge and understanding of the global specialty chemicals sector as well as its strong relationship with key financial sponsors.