# Sika makes binding offer to acquire Parex from CVC Fund V

Sika has made a binding offer to acquire Parex, a leading mortar manufacturer, from CVC Fund V for an enterprise value of CHF 2.5 billion. Parex operates 74 plants in 23 countries and generated sales of CHF 1.2 billion in 2018.

- Type: Acquisition
- Announced: 2019-01-08
- Where: France
- Value: $2.52B (2.50B CHF)
- Status: announced
- Products: mortar solutions, facade mortars, tile adhesives, waterproofing, technical mortars
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [CVC Capital Partners](https://endata.com/companies/226.md) (investor)
- [Sika](https://endata.com/companies/10682.md) (acquirer)
- [Parex](https://endata.com/companies/36560.md) (target)
- [CVC Fund V](https://endata.com/companies/36561.md) (investor)

## Sources

- [sika.com](https://www.sika.com/en/media/media-releases/archive/2019/sika-made-binding-offer-to-acquire-parex.html), 2019-01-08: "Parex is an excellent company with well recognized brands and an impressive performance track record."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/sika-ceo-honors-m-a-pledge-with-2-6-billion-french-mortar-deal-1), 2019-01-08: "The head of the Swiss construction materials maker on Jan. 8 unveiled the purchase of private equity-owned Parex Group for 2.5 billion Swiss francs ($2.6 billion), the company's largest takeover to date."
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/Sika-buys-building-chemical-rival/97/i2), 2019-01-12: "Swiss adhesive and construction-chemical maker Sika has agreed to buy its French rival, Parex, for $2.6 billion"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.