Armacell
UKWho owns Armacell?
Armacell is a British Industrials company, now owned by Blackstone and KIRKBI and PAI Partners, which acquired it in 2015 from Charterhouse Capital Partners.
Hand-verified · updated 2026-04-21
Open JSON · CC-BY
Key facts
- ·Held by PAI Partners since 2020 (6Y hold).
- ·Best return: 3.0x MOIC by Charterhouse Capital Partners (2015 exit).
Ownership history
2 ownership periods · 1 lender on file
Charterhouse Capital Partners sold Armacell to Blackstone and KIRKBI in 2015 after 2 years.
More from PAI Europe VII
Other portfolio companies in the same fund.
US
Germany
France
More PE-backed in Industrials
Comparable industrials deals from other GPs.
FinlandQuestions
Who owns Armacell?
Armacell is now owned by Blackstone and KIRKBI and PAI Partners, which acquired it in 2015 from Charterhouse Capital Partners.
When did Blackstone and KIRKBI and 1 other acquire Armacell?
Blackstone and KIRKBI and 1 other acquired Armacell in 2015, buying from Charterhouse Capital Partners.
Who did Armacell sell to?
Charterhouse Capital Partners sold Armacell to Blackstone and KIRKBI in 2015 (Secondary), 3.0x return.
Who has owned Armacell over time?
Armacell has been through 3 private-equity ownership periods: Charterhouse Capital Partners · via Charterhouse Capital Partners IX · 2013–2015 · sold to Blackstone and KIRKBI · (Secondary) · 3.0x; PAI Partners · via PAI Europe VII · since 2020; CIC Private Debt · via CM-CIC Debt Fund 3 · 2020–2015.