Edgewater Capital Management, LLC and SK Capital Partners agreed to acquire Crystals and Detectors business of Saint-Gobain from Compagnie de Saint-Gobain S.A. for an enterprise value of $214 million on September 1, 2022. Crystals and Detectors business generated revenue of $75.55 million in 2021 with an adjusted EBITDA margin of around 20%. The transaction is subject to regulatory approval and is expected to close during the fourth quarter of 2022. Xavier Doumen, Eric Paroche and Pierre-Marie Boya of Hogan Lovells acted as legal advisor to Compagnie de Saint-Gobain S.A. (ENXTPA:SGO). Denis Criton, Nicholas P. Luongo, Xavier Renard, Matthias Rubner of Latham & Watkins LLP acted as legal advisor to SK Capital.

Edgewater Capital Management, LLC and SK Capital Partners completed the acquisition of Crystals and Detectors business of Saint-Gobain from Compagnie de Saint-Gobain S.A. on December 1, 2022. Dan Coyne, Marc Marano and Chris DiPietro of Canaccord Genuity Group Inc. acted as financial advisor to Compagnie de Saint-Gobain S.A.