Lucens Capital acquired a controlling stake in Diransa San Luis, an emulsion-based polymers and chemical specialty producer in Argentina.
(Press Release) Lucens Capital is excited to announce the acquisition of a controlling stake in Diransa San Luis S.A. (together with its affiliates, “Diransa” or the “Company”).
Founded in 1985, Diransa is a leading player in the Argentine specialty chemicals space, offering a broad portfolio of water-based emulsions and resins. Diransa serves a number of blue-chip, global and domestic clients, and commands market-leading positions in the Argentine coating, adhesive, and graphic ink segments. The Company owns and operates a strategically-located manufacturing facility in the Province of Buenos Aires.
Diransa provides Lucens Capital with a unique platform to gain exposure to the attractive and fast-growing specialty chemicals space. Lucens Capital’s investment will allow the Company to increase its efficiency and utilization, enhance procurement operations, expand its working capital, and conduct strategic M&A transactions.
Lucens Capital is proud to partner with Diransa’s CEO and current majority shareholder, Ariel Vinagre, who will carry on as CEO and board member, and with Norberto Mancuso, Diransa’s Chief Scientist. In addition to Mr. Vinagre, Diransa’s board will be composed of Lucens Capital’s three Managing Partners, Martín Molina, Pablo Tsutsumi Acuña, and Juan Sebastian Ron, who will serve as Chairman.
Diransa marks Lucens Capital’s first investment and its founding Partners’ second private equity investment in Argentina.
About Lucens Capital
Lucens Capital is a private equity firm founded to capitalize on value opportunities in the small- and mid-market space, primarily in Argentina. Lucens Capital prides itself in serving as a good home for businesses and looks to partner with founders, shareholders, and talented management teams to promote value creation through strategic, operational, and financial initiatives. Lucens Capital was founded by three seasoned investment professionals with experience in private equity, principal investing, and investment banking.