Cinven has sold French speciality chemicals business Chryso to listed building materials group Saint-Gobain for an enterprise value of €1.02bn, equal to 12x the company's EBITDA.
GP formed the industrial maintenance, repair and overhaul firm in 2017 by merging IPH and Brammer
Sponsor submitted a 15x EBITDA offer to acquire Conet, two sources say
Vendor has delayed the process in order to build up visibility on its 2021 results, one source says
Idea Taste of Italy acquired a stake in Gelato d'Italia – then trading as Indian – in May 2016