Mentha acquires SPC
| Target: | SPC |
| Buyer: | Mentha |
| Advisory sell side: | DC Advisory | M&A Advisory Deloitte Belgium | Legal Advisory Corporate M&A and Financial Due Diligence |
| Advisory buy side: | Schoups | Legal Advisory |
| Date announced: | 2024-04-09 |
Mentha, an established investment fund in the Benelux region, has recently finalized its investment in SPC (Specialized Coating Services), marking a significant step towards consolidating its position in the industrial coating services market in Northwest Europe. Following a meticulous selection process and multiple bidding rounds, Mentha emerged as the preferred partner for SPC, signaling a strategic alignment of interests and vision between the two entities.
With a strong presence and a proven track record in the Benelux region, Mentha brings valuable expertise and resources to the table. This investment builds upon Mentha's prior experience in the surface treatment services market, further enhancing its portfolio within the industrial sector.
The terms of the transaction outline Mentha's acquisition of a small majority stake in SPC, while the current founder and key management retain a substantial minority share. This structure ensures continuity in leadership and operational decision-making, while also leveraging Mentha's strategic guidance and financial backing to propel SPC's growth trajectory.
The transaction, which was finalized on April 3, 2024, signifies a new chapter for SPC. Management is optimistic about the partnership with Mentha, anticipating accelerated growth and market expansion opportunities. By capitalizing on Mentha's resources and industry insights, SPC aims to solidify its position as the leading industrial coating services platform in Northwest Europe.
This strategic partnership underscores the cross-border expertise of DC Advisory's Benelux team, which facilitated the transaction. Their unparalleled access to the financial sponsor community and adept negotiation skills were instrumental in bringing Mentha and SPC together, paving the way for a mutually beneficial collaboration.