Companies · Manufacturing

Avantor Performance Materials Holdings S.A.

LUXEMBOURG · Manufacturing

Diligence memoA one-page analyst read on Avantor Performance Materials Holdings S.A. — recommendation, valuation, rhythm, risks.
$378.8M
Total raised · real
12
Rounds
0.0×
Latest step-up
Top 2%
Sector rank · raised
Series C
Latest stage · inferred · Thu Sep 27 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

Avantor Performance Materials Holdings S.A. looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the manufacturing sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.02× the median modeled value of Series C Manufacturing companies in 2010–2012 (21 peers) — value vs value, same stage and era.
Dormant
  • Last raise 13.8 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Avantor Performance Materials Holdings S.A. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
56.5 yr record
Peak capital year was 2010 with $373.5M across 8 filings.
Market position
ahead of 99% of Manufacturing peers
Capital scale is ahead of 99% of Manufacturing peers; modeled value is above 43% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2010: $373.5M across 8 filings.
  • Largest single filing was $90.6M on 2010-11-03.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Manufacturing

Avantor Performance Materials Holdings S.A. is one of 3256 Manufacturing companies tracked from LUXEMBOURG. By capital raised it ranks among the largest (ahead of 99% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries C · Raised $560K (real) Modeled valuation $3.0M (est)Series CSeries C · Raised $2.5M (real) Modeled valuation $13M (est)Series CSeries C · Raised $1.5M (real) Modeled valuation $8.0M (est)Series CSeries C · 2010-11-03 Raised $67M (real) Modeled valuation $754M (est)Series C2010Series C · 2010-11-03 Raised $50M (real) Modeled valuation $569M (est)Series C2010Series C · 2010-11-03 Raised $50M (real) Modeled valuation $567M (est)Series C2010Seed · 2010-11-03 Raised $3.1M (real) Modeled valuation $39M (est)Seed2010Series A · 2010-11-03 Raised $5.5M (real) Modeled valuation $55M (est)Series A2010Series C · 2010-11-03 Raised $91M (real) Modeled valuation $1.0B (est)Series C2010Series C · 2010-11-03 Raised $85M (real) Modeled valuation $962M (est)Series C2010Series B · 2010-11-03 Raised $22M (real) Modeled valuation $244M (est)Series B2010Series C · 2012-09-27 Raised $750K (real) Modeled valuation $8.5M (est)Series C2012Cumulative $379M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series C$560K
Series C extension$2.5M
Series C extension$1.5M
Series C extension$66.6M · 2010
Series C extension$50.3M · 2010
Series C extension$50.1M · 2010
Bridge · Series C-stage$3.1M · 2010smaller follow-on
Bridge · Series C-stage$5.5M · 2010smaller follow-on
Series C extension$90.6M · 2010
Series C extension$85.0M · 2010
Bridge · Series C-stage$22.2M · 2010smaller follow-on
Series C extension$750K · 2012

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 80%.

Modeled valuation trajectory
$8.5M
Base estimate est.
$3.0M
Conservative case
$22.4M
Upside case
$5.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the manufacturing sector profile. Directional, not a quoted figure.

Series C · modeled $3.0M · Series C · modeled $13.3M · Series C · modeled $8.0M · Series C · modeled $753.9M · 2010-11-03Series C · modeled $568.8M · 2010-11-03Series C · modeled $566.6M · 2010-11-03Seed · modeled $38.6M · 2010-11-03Series A · modeled $54.9M · 2010-11-03Series C · modeled $1.0B · 2010-11-03Series C · modeled $962.3M · 2010-11-03Series B · modeled $243.9M · 2010-11-03Series C · modeled $8.5M · 2012-09-272012
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
80%
Survival probability
59% low · 92% high
1.14×/yr
Annual markup
1.30×/yr upside case
6.0 yr
Elapsed time used
13.8 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
47 mo
Avg between rounds
$8.9M/yr
Capital velocity
56.5 yr
On record since
1970
First round
12
Rounds on file
How it compares to the market

Benchmarked against 3256 companies in Manufacturing. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 187× above median
This company$378.8M
Sector median$2.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.0× of median
This company$750K
Sector median$47.3M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$8.5M
Sector median$12.0M

Raised more than 99% of sector peers (real $). Modeled value above 43% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #20 of 21.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)DOVER Corp · Series C Raised $106.2M · modeled $1.1B (est)Dura-Line Holdings, Inc. · Series C Raised $96.6M · modeled $1.1B (est)K&N Parent, Inc. · Series C Raised $95.4M · modeled $1.1B (est)Petmate Holdings Llc · Series C Raised $84.5M · modeled $955.9M (est)Magnablend Holdings, Inc. · Series C Raised $75.0M · modeled $848.6M (est)Valcour Closures LLC · Series C Raised $73.8M · modeled $835.4M (est)Altair Nanotechnologies Inc · Series C Raised $57.5M · modeled $650.7M (est)Champion Holdco, LLC · Series C Raised $51.6M · modeled $584.1M (est)Hopkins Acquisition, Inc. · Series C Raised $49.4M · modeled $558.6M (est)Advanced Environmental Recycling Technologies Inc · Series C Raised $48.0M · modeled $543.2M (est)Cooper-Standard Holdings Inc. · Series C Raised $51.1M · modeled $540.3M (est)CamelBak Acquisition Corp. · Series C Raised $47.0M · modeled $531.8M (est)Avantor Performance Materials Holdings S.A. (this company) Raised $378.8M · modeled $8.5M (est)Avantor Performance Materials Holdings S.A.
CompanyStageRaised · realValue · estvs peer med.
DOVER CorpSeries C$106.2M$1.1B2.09×
Dura-Line Holdings, Inc.Series C$96.6M$1.1B2.02×
K&N Parent, Inc.Series C$95.4M$1.1B2.00×
Petmate Holdings LlcSeries C$84.5M$955.9M1.77×
Magnablend Holdings, Inc.Series C$75.0M$848.6M1.57×
Valcour Closures LLCSeries C$73.8M$835.4M1.55×
Altair Nanotechnologies IncSeries C$57.5M$650.7M1.20×
Champion Holdco, LLCSeries C$51.6M$584.1M1.08×
Hopkins Acquisition, Inc.Series C$49.4M$558.6M1.03×
Advanced Environmental Recycling Technologies IncSeries C$48.0M$543.2M1.01×
Cooper-Standard Holdings Inc.Series C$51.1M$540.3M1.00×
CamelBak Acquisition Corp.Series C$47.0M$531.8M0.98×
Avantor Performance Materials Holdings S.A. this companySeries C$378.8M$8.5M0.02×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series C$66.6M2010-11-03$444.2M$753.9M90%
Series C$50.3M2010-11-03$335.1M$568.8M90%
Series C$50.1M2010-11-03$333.8M$566.6M90%
Seed$3.1M2010-11-03$15.8M$38.6M90%
Series A$5.5M2010-11-03$25.0M$54.9M90%
Series C$90.6M2010-11-03$604.2M$1.0B90%
Series C$85.0M2010-11-03$567.0M$962.3M90%
Series B$22.2M2010-11-03$123.6M$243.9M90%
Series C$750K2012-09-27$5.0M$8.5M90%
Series C$560K$3.7M$3.0M90%
Series C$2.5M$16.7M$13.3M90%
Series C$1.5M$10.0M$8.0M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series C$66.6M2010-11-03
    • First recorded raise — entered as Series C.
  2. Series C$50.3M2010-11-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
  3. Series C$50.1M2010-11-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  4. Seed$3.1M2010-11-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 15.9× smaller than the prior — bridge or down round.
  5. Series A$5.5M2010-11-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
  6. Series C$90.6M2010-11-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 16.5× larger than the prior — scaling up.
  7. Series C$85.0M2010-11-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  8. Series B$22.2M2010-11-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.8× smaller than the prior — bridge or down round.
  9. Series C$750K2012-09-27
    • Raised again after 23 mo — slower than the ~12 mo sector norm.
    • Round 29.7× smaller than the prior — bridge or down round.
Intelligence
2016 ~Q3
Modeled next raise · ~47mo cadence
$750K
Modeled next size est.range $750K$1.2M
0.0×
Last step-up
$8.9M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Matthew S. Holt4 other2010-11
Andre V. Moura2 other2010-11
David Catala2010-11
Gerard Birchen2010-11
Ingrid Cernicchi2010-11
Koenraad Van Der Haegen2010-11
Ludovic Trogliero2010-11
Myriam Latar2010-11
Pietro Longo2010-11
Registry & provenance

Avantor Performance Materials Holdings S.A. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1506124
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

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Tinuiti Group Holdings, L.P.Business ServicesGrowth/Late$532.4M$1.9Bnetwork1 shared operator
Bite Tech, IncManufacturingSeries A$28.5M$8.7Msame sector
Pennpak Solutions Inc.ManufacturingSeries A$26.7M$7.9Msame sector
Aero-X Golf, Inc.ManufacturingSeries A$24.2M$7.6Msame sector
Frequently asked
How much funding has Avantor Performance Materials Holdings S.A. raised?
Avantor Performance Materials Holdings S.A. has raised approximately $378.8M in disclosed capital across 12 recorded financing rounds, aggregated from public filings.
What is Avantor Performance Materials Holdings S.A.'s estimated valuation?
Provath's modeled valuation for Avantor Performance Materials Holdings S.A. is approximately $8.5M (modeled range $3.0M–$22.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Avantor Performance Materials Holdings S.A. at?
Avantor Performance Materials Holdings S.A.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Sep 27.
What does Avantor Performance Materials Holdings S.A. do and where is it based?
Avantor Performance Materials Holdings S.A. operates in the Manufacturing sector, based in LUXEMBOURG.
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