Axa looking to exit CABB

Investment bank Rothschild is advising on the sale.

Axa acquired CABB in 2006 from Gilde Investment Management for between €25 and 50m. Debt was provided by DZ Bank.

According to sources Axa has already entered the second round of negotiations for the sale of CABB along with six other potential buyers.

Sulzbach-based Clariant Acetyl Building Blocks (CABB) is a manufacturer of chemicals for applications in the agro-chemistry, detergents, plastics and pharmaceuticals industries and employs about 300 people. The company has a turnover of €300m and an EBITDA of €50m.

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 Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com

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• Topics
• DACH
• Exits
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• Germany
• Axa Private Equity
• Gilde Investment Management