Arsenal Capital Partners, a private equity firm investing in industrial and healthcare companies, has sold its portfolio company, Seal For Life Industries, to Henkel, a publicly traded German manufacturer of industrial and consumer products.
The terms of the transaction have not been disclosed.
Seal For Life is a specialised supplier of protective coating and sealing solutions for infrastructure markets such as renewable energy, oil & gas, and water. The company employs more than 650 people and offers coating and sealing products such as heat-shrink sleeves, visco-elastic coatings, epoxy & urethane coatings, fire protection, insulation and sound dampening coatings.
Arsenal completed its investment in Seal For Life in 2019 and through seven strategic acquisitions, built a global platform in coating and sealing solutions for both existing and new build infrastructure assets, according to a press release. During Arsenal’s ownership, Seal For Life invested in technology development and innovation and expanded its end market exposure with solutions into applications such as district energy and renewable applications for wind and solar infrastructure protection.
Arsenal invests across the coatings, adhesives, sealants and elastomers sectors, with current investments including Applied Adhesives, ATP Tapes, Fenzi Group, Meridian Adhesives Group, Polycorp and Polytek.
JP Morgan Securities acted as financial advisor and Kirkland & Ellis served as legal counsel to Seal For Life.
