Italmatch Chemicals sold to Bain Capital for €700m

 

According to news spread yesterday evening, Italian chemicals maker Italmatch Chemicals was sold for €700m from French investor Ardian to private equity firm Bain Capital. Bain Capital defeated rival bids from two competitors, i.e. private equity firms Cinven and KKR. According to Reuters, this year Italmatch Chemicals is likely to generate a €70m turnover (€65m in 2017).

 

(Source: Reuters)