Belgium SC Fund III Jul 2004
European leader in the manufacturing of glass beads
Company Name:Sovitec
Sector:Chemical products
Date of investment:July 2004
Date of exit:October 2008
Deal Type:LBO, growth
Syntegra Role:Lead investor

business description

> Sovitec is the European leader and second largest world player in the manufacturing of glass beads used as reflective materials in road markings. The glass beads produced by Sovitec are also used for certain surface treatment applications and as technical additives in, notably, the plastics industry

> Sovitec has production facilities in Belgium (Fleurus), France, Germany, Spain and Argentina. The company's worldwide R&D centre is also based in Jumet (Belgium)

transaction strategy

> Investment in a recurring and growing business in road markings together with an experienced management team

> Additional opportunities for growth in - Technical additive market - New geographic regions