AXA PE acquires Novacap from Bain Capital

Novacap's existing management team will also own a stake in the business. BNP Paribas, HSBC and Société Générale arranged and underwrote senior debt facilities to finance the acquisition.

Novacap was spun out from Rhodia by Bain Capital in 2003. The private equity firm stated that, under its ownership, Novacap increased its sales while remaining resilient through the downturn.

Novacap is a diversified group headquartered in Lyon which produces and sells mineral and organic chemical products. It employs around 470 people across its industrial units and posted a €470m turnover for 2010.

The company markets its products in a diverse range of industry sectors, including beverage glass packaging, flat glass, chemical and energy, pharmaceuticals, environment, animal feed, detergent, automotive and construction.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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