Cognis

At exit, Cognis was a global leader in ‘green chemistry.’ A supplier of speciality chemicals based on natural, renewable raw materials such as coconut and palm kernel oil, it developed products and concepts for personal and home care, modern nutrition and high performance solutions for numerous industry sectors. During the nine-year funds’ ownership, Cognis underwent a transformation…

Germany

Realised

Together we achieved

  • The carve from a large German DAX-Listed group, which required the establishment of its own set of central functions and structures and the recruitment of a world class management team
  • The creation of an innovative company with a strong strategic vision and focus on the end-market enabling it to expand in fast-growing markets
  • A key focus on operational efficiency and cost savings, to protect the company’s profitability throughout the financial recession

This was accomplished by

  • Divesting non-core assets Oleo and Pulchra, to focus on the growth markets of wellness and sustainability
  • Strengthening its market position through selective acquisitions and joint ventures
  • Investing in research & development, product innovation and optimising the product portfolio
  • Focusing on fast-growing markets such as Asia and Latin America

The metrics

€2,975m

Transaction value

2001

Acquisition year

2010

Exit year

3.0x

ROI

BASF

Sale to

EBITDA growth

2001 - €311m
2010 - €422m