Acquisition of Molecular Technology Limited by Cigal (France)

Deal typeTransaction Services

The BDO Birmingham Transaction Services team has recently provided financial due diligence services to Paris-based Compagnie Internationale de Galvanoplastie S.A.S. ("CIGAL"), holding company of the Coventya Group, in connection with Coventya's acquisition of Molecular Technology Limited ("MTL").   Coventya is a global leader in specialty chemicals for the electroplating and surface treatment industry. The acquisition of MTL, a Wolverhampton-based supplier of electrocoating products for decorative applications in the metal finishing industry, allows Coventya to expand its product portfolio, strengthen its UK presence and leverage its expertise in both copper-nickel-chrome and precious metals, opening a variety of options, most notably, in emerging markets. This transaction further demonstrates the cross-border capabilities of the BDO team.     

“I was impressed with BDO's ability to quickly understand the target's business and provide a comprehensive, on-the-spot report in a relatively short time frame. I felt that the team was very experienced in what they did and certainly envisage using BDO's services on future transactions we will be pursuing.”         

Torsten Becker, MD, Compagnie Internationale de Galvanoplastie S.A.S